Date for second £100 tax penalty looming

The following Tax Events are due on 31 July 2011:
Second £100 penalty if 2009/10 tax return due by 31st January 2011 still outstanding
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 an additional penalty imposed on 31st July 2011 if your return for 2009/10, which was due for submission by 31st January 2011, has still not been submitted.
Second payment on account 2010/11 due. Second 5% surcharge on any 2009/10 outstanding tax due on 31st January 2011 still remaining unpaid.
What this means for you?
The balance of any outstanding income tax, Class 4 NI and capital gains tax for the year ended 5th April 2010 was due for payment by 31st January 2011. Where any of the liability is still outstanding a 5% surcharge will be added to the outstanding liability. Interest is charged on any late payments.
The second payment on account in respect of income tax and any Class 4 NI is also due for payment by 31st July 2011.

Tax event due on August 2

The following Tax Events are due on 02 August 2011:
Deadline for submitting P46 (car) for employees whose car/fuel benefits changed during the quarter to 5th July 2011
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 a car is first provided or an additional car is provided, or an employee ceases to have the use of a car without replacement. The completion of the form enables HMRC to amend the individuals coding notice to reflect the change in benefit.
Where one car is merely replaced with another, this may be notified online.

Clay Shaw Butler helps GO Wales project

A leading Carmarthenshire business is helping to pave the way in building links with education.
Chartered accountants and business consultants Clay Shaw Butler have signed up for the innovative GO Wales project, which makes it possible for students and graduates to develop their careers through quality work experience and training opportunities.
“GO Wales is an exciting project and one which should interest any business keen to develop young talent,” said Clay Shaw Butler director David Butler.
This summer, the team at Clay Shaw Butler has been joined by 19-year-old Gareth Thomas (pictured above), who lives in Carmarthen and studied at Ysgol Gyfun Gymraeg Bro Myrddin.
The 12-week placement is a big stepping stone for Gareth to going to Cardiff University to study Business Management and Finance.
“I am interested in a career in business and finance, so the GO Wales placement with Clay Shaw Butler has been ideal. It has given me a taste of the ‘real world’ work environment and the encouragement to go on and achieve my degree,” Gareth said.
A keen sportsman who plays cricket for Carmarthen Wanderers Cricket Club’s first XI and is also a member of Carmarthen Golf Club, Gareth has enjoyed working alongside Clay Shaw Butler’s business consultant, Nigel Roberts.
Gareth added: “I have carried out a wide range of duties during my stay at Clay Shaw Butler and I have also been working towards the City & Guilds Professional Development Award. This award is an accredited, professionally-recognised qualification that is equivalent to a Higher Professional Diploma.”
Mr Roberts said: “It has been a delight to have Gareth as part of the team at Clay Shaw Butler during his placement. All businesses are aware of the need to build our skills base and ensure that we grow the knowledge economy in Wales. The GO Wales scheme is one way of helping to achieve those objectives.”

David Butler welcomes Gareth Thomas

GO Wales is managed by the Higher Education Funding Council for Wales (HEFCW) and the project is delivered by University Careers Services in Wales. GO Wales receives funding from the Welsh Government and the European Union Social Fund (ESF).
The project aims to provide almost 4,000 students and graduates with training and development opportunities to prepare them for their future careers.
GO Wales offers a range of services proven to help students, graduates and businesses in Wales including: work placements, funding for training, an online database of jobs in Wales and the Graduate Academy.
Thousands of businesses in Wales have already benefited from the GO Wales programme.
GO Wales projects include -
Graduate Training and Development: GO Wales Graduate Training and Development Fund offers financial support for training and development of graduate level staff in Welsh SMEs. You may be able to access up to £1,500 per person to up-skill your business.
Work Placements: GO Wales Work Placements give you the opportunity to attract the best students and graduates to your business. Employ a skilled individual to work on a short term project and receive a subsidy towards the salary costs.
Advertise a Job: GO Wales Jobs is the only free website in Wales dedicated to graduate recruitment. Businesses and other organisations in Wales can advertise an unlimited number of vacancies via our online vacancy advertising service.
Work Tasters: GO Wales Work Tasters are extremely flexible and designed to provide students and new graduates with a 'taste' of a particular career or working environment.
You can find out more on the GO Wales website –
http://www.gowales.co.uk
The Clay Shaw Butler website is at –
http://www.clayshawbutler.com

New fuel rates advisory rates

New company car advisory fuel rates have been published to take effect from 1 June 2011 - see http://www.clayshawbutler.com/ard/eNEWS_Article.asp?AID=518&ID=2479

Tax event due on July 5 - PAYE

The following Tax Events are due on 05 July 2011: 

Deadline for reaching a PAYE Settlement Agreement for 2010/11 

What this means for you?
This deadline is relevant for employers who wish to pay the tax and NI on benefits provided to their employees. Agreement must be reached with HMRC of the benefits and related liabilities which are not to be shown on the forms P11D by this date.

Tax events due on July 6

The following Tax Events are due on 06 July 2011: 

Deadline for employers to report share incentives (Form 42) for 2010/11 

What this means for you?
This deadline is relevant for companies who have either received a notice to complete a form 42 or who have reportable events for the tax year 2010/11. 

Deadline for forms P11D, P9D and P11D(b) for 2010/11 to be submitted to HMRC and copies to be issued to employees concerned 

What this means for you?
This deadline is relevant to employers. Details of benefits and expenses provided to employees must be reported to HMRC on the relevant forms P11D. The P11D(b) form is used to calculate the employer only class 1A NI liability.

Clay Shaw Butler back Carmarthenshire Warriors

 

The Carmarthenshire Warriors invitation sevens rugby team has a new backer in the shape of West Wales chartered accountants and business consultants Clay Shaw Butler.
The team proudly sported their new Clay Shaw Butler tops at the West Country Sevens at Keynsham RFC.
The event saw the Warriors make it through to their fifth final in five tournaments.
“We are delighted to be playing our part in supporting the Warriors,” said Clay Shaw Butler director David Butler.
“Sevens rugby is a sport with a massive future - in fact, it will feature in the 2016 Olympic Games in Rio de Janeiro.”
At the West Country Sevens, skipper Arwel Davies took a strong squad to what was the second Super Sevens Series round of 2011. The Warriors also entered their development side, the Flamingos, in the Men's Open competition
The Warriors coasted through the group phase with wins over the Mavericks, Olurun Phantoms and PA Trust. Andrew Jones (Newcastle Emlyn) and Wil Davies (Whitland) made their 2011 debuts with Jones crossing for a try against the Phantoms.
The Flamingos - featuring newcomers Ifan Beynon (Aberystwyth) and Johnny Morgan (Narberth) were impressive in appalling weather conditions against the military side PWRR, bristling with South Sea Islanders.
Rhys Goslin, Paul Mason (Carmarthen Athletic) and Lee Pearson, scoring his first try for the Carmarthenshire outfit, assisted in the 33-0 rout.
Another victory against Eggcatchers but a defeat to Glantaf Goats sent the Flamingoes into the Bowl competition where they unfortunately crashed out 33-0 to the Stash Sharks.
Again, veterans Barry John and Jamie Williams (both Carmarthen Athletic) led by example alongside promising Llandovery College youngsters Jack Thorburn and Scott Maynard.
The Warriors progressed to a semi final against strongly fancied side P.O.D, overcoming the Godfathers in the quarter final.
The semi proved to be a classic taken to 'Golden Try' extra time following a fantastic solo effort by Rhys Lewis.
With just a few minutes of added time played, former Ystradgynlais and now Carmarthen Quins scrum half Ryan Jones fed Ystalyfera's Gareth James who broke down the left and crossed in the corner and seal another major final appearance for the Warriors.
Unfortunately, the Smith's Shotguns were too strong for the West Wales outfit outscoring them by 5 tries to two.
Skipper Davies said: “We're obviously disappointed. However, the Shotguns are by far the strongest side we've met this season and we shouldn't be too disheartened'
“Players such as Rhys Lewis, Rhodri Davies, Rhys Thomas and Ellis Lloyd are really getting themselves noticed amongst the Warriors core players like Gareth James and Andrew Jenkins. With Andrew Jones returning and the likes of Tom James, and Ricky Thomas also part of the squad, we really have some quality strength in depth.”
Pics attached of players in the new Clay Shaw Butler tops and the Warriors and Flamingos teams.

The team at Clay Shaw Butler can be contacted on 01267 228500 or through the website at www.clayshawbutler.com