Kime O'Brien, Chartered Accountants, Macclesfield

Apr 08

1st

TAX CALENDAR 2008/09

Due date for payment of Corporation Tax for the period ended 30th June 2007.

1st/6th

£50,000 annual investment allowance replaces First Year Capital Allowances. Writing down allowances on plant and machinery reduced to 20% from 25%. Writing down allowances on cars will now take into account their emissions.

5th

Last day of 2007/08 tax year

Deadline for 2007/08 capital gains tax exemption

Deadline for 2007/08 ISAs

Deadline for 2007/08 inheritance tax exemptions

Taper relief for business and non business assets is withdrawn as also is indexation allowance

6th

First day of 2008/09 tax year

The inheritance tax threshold increases to £312,000

Capital gains tax reduces to 18% for non-corporate gains

New tax charge of £30,000 per annum on UK residents paying tax on the remittance basis and certain non-resident individuals

Non resident individuals counted as present in the UK on days of arrival and departure

7th

Due date for Feb 2008 VAT returns (electronic payments)

14th

Due date for income tax for the CT61 period to 31 March 2008

19th

If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

Quarter 4 payment due where paid by cheque.

Construction Industry Scheme : Monthly return due for period to 5th of month

22nd

If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

Quarter 4 payment due where paid electronically.

30th

Filing deadline for Corporation Tax Return Form CT600 for period ended 30 April 2007 to be submitted to HMRC

Filing deadline at Companies House of accounts for private companies with a year ended 30 June 2007.

 

Due date for Mar 2008 VAT returns

May-08


1st

Due date for payment of Corporation Tax for period ended 31 July 2007.

3rd

Deadline for notifying car changes in quarter to 5 April - P46 (Car)

7th

Due date for Mar 2008 VAT returns (electronic payments)

19th

Deadline for filing 2007/08 forms P14, P35, P38, P38A.

Construction Industry Scheme : Monthly return due for period to 5th of month.

If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

22nd

If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

31st

Deadline for issuing P60s to employees for 2007/08

Filing deadline for Corporation Tax Return Form CT600 for period ended 31 May 2007 to be submitted to HMRC

Filing deadline at Companies House of accounts for private companies with a year ended 31 July 2007

Due date for April 2008 VAT returns

Jun-08


1st

Due date for payment of Corporation Tax for period ended 31 August 2007.

7th

Due date for Apr 2008 VAT returns (electronic payments)

19th

If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

Construction Industry Scheme : Monthly return due for period to 5th of month

22nd

If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

30th

End of CT 61 quarterly period

Filing deadline for Corporation Tax Return Form CT600 for period ended 30 June 2007 to be submitted to HMRC

Filing deadline at Companies House of accounts for private companies with a year ended 31 August 2007

 

Due date for May 2008 VAT returns

Jul-08


1st

Due date for payment of Corporation Tax for period ended 30 September 2007.

6th

Deadline to file Form 42 for 2007/08

Last day to file Taxed Award Scheme Returns, file P11Ds, P11D(b)s and P9Ds. Issue copies of P11Ds or P9Ds to employees.

7th

Due date for May 2008 VAT returns (electronic payments)

14th

Due date for income tax for the CT61 period to 30 June 2008.

19th

If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

Construction Industry Scheme : Monthly return due for period to 5th of month

Quarter 1 PAYE payment due where paid by cheque.

22nd

Quarter 1 PAYE payment due where paid electronically.

Final date for payment of 2007/08 Class 1A NICs,

If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

30th

Filing deadline at Companies House of accounts for private companies with a year ended 30 September 2007

31st

2006/07 Self Assessment Tax Return to be filed by today in order to avoid second £100 penalty

Second self assessment payment on account for 2007/08

Filing deadline for Corporation Tax Return Form CT600 for period ended 31 July 2007 to be submitted to HMRC

 

Due date for June 2008 VAT returns

Aug-08


1st

Liability to second £100 penalty arises for 2007 Tax Return still not filed

Due date for payment of Corporation Tax for period ended 31 October 2007.

2nd

Last day for notifying car changes in quarter to 5 July - P46 (Car)

7th

Due date for Jun 2008 VAT returns (electronic payments)

19th

If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

Construction Industry Scheme : Monthly return due for period to 5th of month

22nd

If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

31st

Filing deadline for Corporation Tax Return Form CT600 for period ended 31 August 2007 to be submitted to HMRC

Filing deadline at Companies House of accounts for private companies with a year ended 31 October 2007.

Due date for July 2008 VAT returns

Sep-08


1st

Due date for payment of Corporation Tax for period ended 30 November 2007.

7th

Due date for July 2008 VAT returns (electronic payments)

19th

If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

Construction Industry Scheme : Monthly return due for period to 5th of month

22nd

If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

30th

End of CT61 quarterly period

Filing deadline for Corporation Tax Return Form CT600 for period ended 30 September 2007 to be submitted to HMRC

Filing deadline at Companies House of accounts for private companies with a year ended 30 November 2007

In England, closing date for business ratepayers to claim Small Business Rate Relief for 2007/08 financial year.

Due date for Aug 2008 VAT returns

Oct-08


1st

Due date for payment of Corporation Tax for period ended 31 December 2007

5th

Individuals/trustees must notify HMRC of new sources of income/chargeability in 2007/08 if a Tax Return has not been received

7th

Due date for August 2008 VAT returns (electronic payments)

14th

Due date for income tax for the CT61 period to 30 September 2008

19th

If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

Construction Industry Scheme : Monthly return due for period to 5th of month

Quarter 2 PAYE payment due where paid by cheque.

22nd

If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

Quarter 2 PAYE payment due where paying electronically.

31st

Deadline for submission of the 2008 paper Tax Return (provided issued by 31 July 2008) if you wish HMRC to calculate the tax or, if you are an employee, you wish to have a 2007/08 balancing payment of less than £2,000 collected through your 2009/10 PAYE code

Filing deadline for Corporation Tax Return Form CT600 for period ended 31 October 2007 to be submitted to HMRC

Filing deadline at Companies House of accounts for private companies with a year ended 31 December 2007

Due date for Sept 2008 VAT returns

Nov-08


1st

Due date for payment of Corporation Tax for period ended 31 January 2008.

2nd

Last day for notifying car changes in quarter to 5 October - P46 (Car)

7th

Due date for Sept 2008 VAT returns (electronic payments)

19th

If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

Construction Industry Scheme : Monthly return due for period to 5th of month

22nd

If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

30th

Filing deadline for Corporation Tax Return Form CT600 for period ended 30 November 2007 to be submitted to HMRC

Filing deadline at Companies House of accounts for private companies with a year ended 31 January 2008

Due date for Oct 2008 VAT returns

Dec-08


1st

Due date for payment of Corporation Tax for period ended 29 February 2008.

7th

Due date for Oct 2008 VAT returns (electronic payments)

19th

If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

Construction Industry Scheme : Monthly return due for period to 5th of month

22nd

If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

29th

Filing deadline at Companies House of accounts for private companies with a year ended 29 February 2008

30th

Last date to file your 2008 Tax Return electronically if you are an employee and wish to have a 2007/08 balancing payment of less than £2,000 collected through your 2009/10 PAYE code.

31st

End of CT61 quarterly period

Due date for Nov 2008 VAT returns

Last day for non-EC traders to reclaim recoverable UK VAT suffered in the year to 30 June 2008

End of relevant year for taxable distance supplies to UK for VAT registration purposes

End of relevant year for cross-border acquisitions of taxable goods in the UK for VAT registration purposes

Filing deadline for Corporation Tax Return Form CT600 for period ended 31 December 2007

 

Due date for Nov 2008 VAT returns

Jan-09


1st

Due date for payment of Corporation Tax for period ended 31 March 2008.

7th

Due date for Nov 2008 VAT returns (electronic payments)

19th

If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

Construction Industry Scheme : Monthly return due for period to 5th of month

22nd

If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

31st

Filing deadline at Companies House of accounts for private companies with a year ended 31 March 2008

 

Filing deadline for Corporation Tax Return Form CT600 for period ended 31 January 2008.

 

Due date for Dec 2008 VAT returns

Feb-09


1st

Due date for payment of Corporation Tax for period ended 30 April 2008.

7th

Due date for Dec 2008 VAT returns (electronic payments)

19th

If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

Construction Industry Scheme : Monthly return due for period to 5th of month

22nd

If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

28th

Filing deadline at Companies House of accounts for private companies with a year ended 30 April 2008

 

Filing deadline for Corporation Tax Return Form CT600 for period ended 28 February 2008.

 

Due date for Jan 2009 VAT returns

Mar-09


1st

Due date for payment of Corporation Tax for period ended 31 May 2008..

7th

Due date for Jan 2009 VAT returns (electronic payments)

19th

If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

Construction Industry Scheme : Monthly return due for period to 5th of month

22nd

If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.

31st

Filing deadline at Companies House of accounts for private companies with a year ended 31 May 2008

 

Due date for Feb 2009 VAT returns

 

Filing deadline for Corporation Tax Return Form CT600 for period ended 31 March 2008.

 

End of Corporation Tax financial year.