The following Tax Events are due on 19 November 2012:
PAYE, Student loan and CIS deductions are due for the month to 5th November 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 by today even if 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 November 2012. Penalties may apply if payment is made late.
This is the blog for Clay Shaw Butler, chartered accountants and business consultants of Carmarthen and Porthcawl.
