Clay Shaw Butler: January 2011

Monday 31 January 2011

Electronic PAYE payment dates

HMRC are reminding employers to be careful that PAYE payments made electronically have been cleared into HMRC's bank account by the due date.
See full story - http://www.clayshawbutler.com/ard/eNEWS_Article.asp?AID=518&ID=2318

Employment rights - statutory limits

The limit on the amount of the compensatory award for unfair dismissal is set to increase from 1 February 2011. See - http://tiny.cc/3c8lc

Saturday 29 January 2011

Planning ahead

As the final tax returns are submitted for 2009/10 it is important to remember that the end of the current tax year will soon be upon us.
See - http://tiny.cc/in9ke

Tax event due January 31

The following Tax Events are due on 31 January 2011:
Deadline for submitting 2009/10 self assessment return (up to £100 penalty if your return is late).Balance of 2009/10 tax due, plus first payment on account for 2010/11
What this means for you?
This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax, Class 4 NI and any capital gains tax liabilities. There is a penalty of up to £100 if your return is not submitted on time.
The balance of any outstanding income tax, class 4 NI and capital gains tax for the year ended 5th April 2010 is due for payment by 31st January 2011. Where the payment is made late interest will be charged.
The first payment on account in respect of income tax and any class 4 NI is also due for payment by 31st January 2011.

Tax event due on February 2

The following Tax Events are due on 02 February 2011: Deadline for submitting P46(car) for employees whose car/fuel benefits changed during the quarter to 5th January 2011 (other than replacing one car with another)
What this means for you?
This deadline is relevant to employers who provide any employees with the use of a car. The form P46 (car) only needs to be completed where there is a change in provision for example a new or additional car is provided, or an employee ceases to have the use of a car. The completion of the form enables HMRC to amend the individual's coding notice to reflect the change in benefit.

Thursday 27 January 2011

Changes to the advisory fuel rates

Changes to the advisory fuel rates - http://tiny.cc/7s5dz

Making plans with Nigel . . .

See the Welsh Icons website - http://www.welshicons.org.uk/news/business/making-plans-with-nigel/

Do you want to join our team?

Clay Shaw Butler are always looking for talented new people to join our team – if you are interested then submit your up to date CV to us regardless of whether we are advertising vacancies or not! We do recommend that you included a detailed cover letter with your submission.
Send your CV today to: annthomas@clayshawbutler.com