Wednesday 28 March 2012

We are in the Carmarthen Journal today

The latest Looking After Business column from Carmarthen accountants Clay Shaw Butler is in the Carmarthen Journal today.

Wednesday 14 March 2012

Tuesday 13 March 2012

Tax event due on March 19

The following Tax Events are due on 19 March 2012:
PAYE, Student loan and CIS deductions are due for the month to 5th March 2012
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. The contractors monthly return showing details of payments made to subcontractors must also be filed even if this a nil return.
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.
Where the payment is made electronically the deadline for receipt of cleared payment is 22nd March 2012. Penalties may apply if payment is made late.