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PAYE

What is the deadline for submitting my p11D & P11D (b) Forms for 2022/23

The deadline for submitting the 2022-23 forms P11D, P11D(b) and P9D is 6 July 2023. The forms can be submitted using commercial software or via HMRC’s PAYE online service. Employees must also be provided with a copy of the information relating to them on these forms by the same date. P11D forms are used to provide information to HMRC on all Benefits in Kind (BiKs), including those under the Optional Remuneration Arrangements (OpRAs) unless the employer is including such benefits through their payroll.

Coronavirus Job Retention Scheme

The Coronavirus Job Retention Scheme (CJRS) commonly known as the furlough scheme will be extended until the 30 April 2021. The most recent update (further extending the life of the scheme) was announced by the Chancellor Rishi Sunak on 17 December 2020. 

Changes to the job support scheme

On Friday 9 October, the Chancellor, Rishi Sunak announced an extension to the Job Support Scheme (JSS). The expanded scheme will include additional support for employees of businesses that are forced to close because of local or national lockdown measures. 

Paying self-assessment tax by instalments

If you file your 2016-17 self-assessment tax return on or before 30 December 2017, you can elect to spread the repayment of any underpayment of tax for 2016-17 to the tax year 2018-19. This is done by amending your tax code for 2018-19 such that any arrears are repaid by increasing your tax payments each pay period.

Paying self-assessment tax by instalments

If you file your 2016-17 self-assessment tax return on or before 30 December 2017, you can elect to spread the repayment of any underpayment of tax for 2016-17 to the tax year 2018-19. This is done by amending your tax code for 2018-19 such that any arrears are repaid by increasing your tax payments each pay period.

Tax diary July/August

July & August are very busy times in the tax calendar, with critical filing dates.

Please check out the link below for dates that may be relevant to your business throughout the year.
July & August are very busy times in the tax calendar, with critical filing dates.
 
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Tax diary July/August

July & August are very busy times in the tax calendar, with critical filing dates.

Please check out the link below for dates that may be relevant to your business throughout the year.
July & August are very busy times in the tax calendar, with critical filing dates.
 
.

NIC Employment Allowance (EA)

For 2016-17, the EA is set at £3,000. This means that if you are eligible, you will not have to pay employers’ Class 1 contributions up to this amount. The following set out some of the less well known facts about this allowance:

NIC Employment Allowance (EA)

For 2016-17, the EA is set at £3,000. This means that if you are eligible, you will not have to pay employers’ Class 1 contributions up to this amount. The following set out some of the less well known facts about this allowance: