Tax Diary Articles

Tax Diary May/June 2024

Welcome to the ‘Tax Diary’ for May and June 2024. This guide provides all the essential tax dates and deadlines for the period. It’s designed to help stay on top of tax obligations and avoid any potential penalties. Explore the key dates outlined in the following: Key dates 1 May 2024 - Due date for corporation tax due for the year ended 30 July 2023. 19 May 2024 - PAYE and NIC deductions due...

Tax Diary April/May 2024

The following list provides a detailed timeline of important tax diary deadlines in the UK for the year 2024. It covers various aspects such as corporation tax, PAYE and NIC deductions, CIS300 monthly return filing, and the issuance of P60s to employees. These deadlines are crucial for businesses, employers, and taxpayers to adhere to in order to avoid penalties and ensure compliance with the UK...

Tax Diary March/April 2024

1 March 2024 - Due date for Corporation Tax due for the year ended 31 May 2023. 2 March 2024 – Self-Assessment tax for 2022-23 paid after this date will incur a 5% surcharge unless liabilities are cleared by 1 April 2024, or an agreement has been reached with HMRC under their time to pay facility by the same date. 19 March 2024 - PAYE and NIC deductions due for month ended 5 Mar 2024 (If you pay...

Taxable employment benefits from April 2026

From April 2026, the UK government will mandate real-time reporting and payment of taxes through payroll software, ending the filing...

Changes to Scottish Income Tax rates 2024-25

For the 2024-25 tax year, Scottish Income Tax rates will change with a new 45% advanced rate band for income...

Payrolling employee expenses and benefits

Employers can register for payrolling benefits and expenses. Deadlines exist for form submissions, with penalties for lateness. HMRC no longer...

Tax Diary May/June 2024

The ‘Tax Diary’ for May and June 2024 provides essential tax dates and deadlines. It includes due dates for corporation...

Settling energy disputes

The Energy Ombudsman offers free support to businesses, especially small ones, in disputes with energy suppliers. The service covers 99%...

COVID Bounce Back abuse

The Insolvency Service banned 831 directors in 2023-24 for abusing the Covid Bounce Back Loan Scheme, an increase of over...

by James MacDonald

Basis Period Reform: Changes for sole traders and partners

Basis Period Reform is a change in how income tax is calculated for unincorporated businesses, such as sole traders and...

Paying VAT on goods from EU to Northern Ireland

There are special procedures for moving goods in and out of Northern Ireland. Under the Northern Ireland Protocol, all Northern...

VAT retail schemes

VAT retail schemes are a special set of schemes used by retail businesses to account for VAT. The schemes are...
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