The following Tax Events are due:
Last minute planning for tax year 2011/12
What this means for you?
The final deadline of 5th April 2012 is relevant to individuals who have not considered year end tax planning issues. These issues include:
• utilising your annual capital gains tax exemption
• utilising your annual inheritance tax exemption for gifts
• utilising your annual Individual Savings Account investment limit
• making additional pension contributions for 2011/12.
This is the blog for Clay Shaw Butler, chartered accountants and business consultants of Carmarthen and Porthcawl.
Wednesday, 4 April 2012
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
Pensions timetable revised
The timetable for the introduction of Pensions Auto Enrolment has been revised for smaller employers - http://www.clayshawbutler.com/ard/eNEWS_Article.asp?AID=518&ID=2882
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.
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.
Saturday, 25 February 2012
How we can help construction and property businesses
Check out what we can do for the construction and property sector - http://www.clayshawbutler.com/construction-property-sector.htm
Friday, 24 February 2012
New face at Clay Shaw Butler
Nerys Jones, 25, from Cross Hands, has just joined Clay Shaw Butler as an administrator. Nerys is a former pupil of Ysgol Gyfun Maes-yr-Yrfa in Cefneithin.
Monday, 20 February 2012
Tax events due on March 1
The following Tax Events are due on 01 March 2012:
5% late payment penalty on any 2010/11 outstanding tax due on 31st January 2012 still remaining unpaid
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 and Class 4 NI liabilities and any capital gains tax.
The balance of any outstanding income tax, class 4 NI and capital gains tax for the year ended 5th April 2011 was due for payment by 31st January 2012. Where the payment is made late interest will be charged. On 1st March 2012 a late payment penalty of 5% will be added to the outstanding liability.
5% late payment penalty on any 2010/11 outstanding tax due on 31st January 2012 still remaining unpaid
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 and Class 4 NI liabilities and any capital gains tax.
The balance of any outstanding income tax, class 4 NI and capital gains tax for the year ended 5th April 2011 was due for payment by 31st January 2012. Where the payment is made late interest will be charged. On 1st March 2012 a late payment penalty of 5% will be added to the outstanding liability.
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