Tax Events due April 2016.

The following Tax Events are due April 2016:

Business Tax Events

PAYE quarterly payments are due for small employers for the pay periods 6th January 2016 to 5th April 2016

What this means for you?

This deadline is relevant to small employers and contractors only. As a small employer with income tax, national insurance and student loan deductions of less than £1,500 a month you are required to make payment to HMRC of the income tax, national insurance and student loan deductions on a quarterly basis.

Postal payments for month/quarter ended 5 April should reach your HMRC Accounts Office by this date.

Where the payment is made electronically the deadline for receipt of cleared payment is 22nd April 2016.

Penalties apply if payment is made late.

PAYE, Student loan and CIS deductions are due for the month to 5th April 2016

What this means for you?

This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.

Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.

Postal payments for month/quarter ended 5 April should reach your HMRC Accounts Office by this date.

Where the payment is made electronically the deadline for receipt of cleared payment is 22nd April 2016.

Penalties apply if payment is made late.

Automatic interest is charged where PAYE tax, Student loan deductions, Class 1 NI or CIS deductions for 2015/16 are not paid by today. Penalties may also apply if any payments have been made late throughout the tax year.

What this means for you?

This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.

Deadline for employers’ final PAYE return to be submitted online for 2015/16

What this means for you?

This deadline is relevant to employers.

This is the last day by which your final Full Payment Summary (FPS) for the 2015/16 tax year should be sent to HMRC.

You will not be able to file an FPS relating to 2015/16 after 19th April. If you need to make an amendment or correction to the details reported on a 2015/16 FPS you will need to submit an Earlier Year Update (EYU).

Please be aware that if we deal with the payroll on your behalf that we will ensure that this matter is dealt with on a timely basis.

Running a payroll can be time consuming and complicated and divert resources from the core activities of your business. We can address this by installing payroll software and training your staff. Outsourcing this activity also helps relieve the pressure and we can offer cost-effective solutions. We are able to provide the complete service, what ever the size or complexity of your business, or simply provide support when needed. Please don’t hesitate to get in touch 

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