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Small Business AccountingLimited CompanyLimited Liability

Small Business Accounting

Sole Trader / Self Employed Accounts & Tax Returns from £12 pcm

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Limited Company

Limited Company Accounts and form ct600 from £40 pcm

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Limited Liability

Limited Liability Accounts and Partnership Return for up to 3 partner from £40 cm

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Tax Calender

The red text indicates an entry relevant to companies and employers, black refers to personal tax, and bold indicates an important item.

December 2015

Wednesday 30 Online filing deadline for submitting 2014/15 self assessment return if you require HMRC to collect any underpaid tax by making an adjustment to your 2016/17 tax code
This deadline is relevant for those individuals who complete a self assessment tax return online and who are employees. Where you have an underpayment of up to £3,000 only, you may request that HMRC collect any tax outstanding by making an adjustment to your tax code for the year 2016/17.

January 2016

Tuesday 19 PAYE, Student loan and CIS deductions are due for the month to 5th January 2016
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 January 2016. In year interest will be charged if payment is made late. Penalties also apply.
Tuesday 19
PAYE quarterly payments are due for small employers for the pay periods 6th October 2015 to 5th January 2016
This deadline is relevant to small employers and contractors only. As a small employer with income tax, national insurance and student loan deductions of less than £1,500 a month you are required to make payment to HMRC of the income tax, national insurance and student loan deductions on a quarterly basis.
Where the payment is made electronically the deadline for receipt of cleared payment is 22nd January 2016. In year interest will be charged if payment is made late. Penalties also apply.
Sunday 31
Deadline for submitting your 2014/15 self assessment return (£100 automatic penalty if your return is late) and the balance of your 2014/15 liability together with the first payment on account for 2015/16 are also due
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, capital gains tax and High Income Child Benefit Charge liabilities.
There is a penalty of £100 if your return is not submitted on time, even if there is no tax due or your return shows that you are due a tax refund.
The balance of any outstanding income tax, Class 4 NI, capital gains tax and High Income Child Benefit Charge for the year ended 5th April 2015 is due for payment by 31st January 2016.  Where the payment is made late interest will be charged.
The first payment on account for 2015/16 in respect of income tax and any Class 4 NI or High Income Child Benefit Charge is also due for payment by 31st January 2016.
December 2015
Wednesday 30 Online filing deadline for submitting 2014/15 self assessment return if you require HMRC to collect any underpaid tax by making an adjustment to your 2016/17 tax code
This deadline is relevant for those individuals who complete a self assessment tax return online and who are employees. Where you have an underpayment of up to £3,000 only, you may request that HMRC collect any tax outstanding by making an adjustment to your tax code for the year 2016/17.

January 2016

Tuesday 19
PAYE, Student loan and CIS deductions are due for the month to 5th January 2016
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 January 2016. In year interest will be charged if payment is made late. Penalties also apply.
Tuesday 19
PAYE quarterly payments are due for small employers for the pay periods 6th October 2015 to 5th January 2016
This deadline is relevant to small employers and contractors only. As a small employer with income tax, national insurance and student loan deductions of less than £1,500 a month you are required to make payment to HMRC of the income tax, national insurance and student loan deductions on a quarterly basis.Where the payment is made electronically the deadline for receipt of cleared payment is 22nd January 2016. In year interest will be charged if payment is made late. Penalties also apply.
Sunday 31
Deadline for submitting your 2014/15 self assessment return (£100 automatic penalty if your return is late) and the balance of your 2014/15 liability together with the first payment on account for 2015/16 are also due
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, capital gains tax and High Income Child Benefit Charge liabilities. There is a penalty of £100 if your return is not submitted on time, even if there is no tax due or your return shows that you are due a tax refund.
The balance of any outstanding income tax, Class 4 NI, capital gains tax and High Income Child Benefit Charge for the year ended 5th April 2015 is due for payment by 31st January 2016.Where the payment is made late interest will be charged. The first payment on account for 2015/16 in respect of income tax and any Class 4 NI or High Income Child Benefit Charge is also due for payment by 31st January 2016

February 2016

Monday 1
Additional penalty for failing to submit your 2013/14 self assessment return
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.
If your 2013/14 self assessment return is still outstanding further penalties are now due. This return was due for submission to HMRC by 31 January 2015. Where the return is more than 12 months late a further penalty is charged of £300 or 5% of the tax outstanding, whichever is the higher. In serious cases you may be asked to pay up to 100% of the tax due instead.
Tuesday 2
Additional 5% late payment penalty on any 2013/14 outstanding tax which was due for payment on 31st January 2015 and still remains unpaid
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.
The balance of any outstanding income tax, Class 4 NI and capital gains tax for the year ended 5th April 2014 was due for payment by 31st January 2015.Where any of the liability is still outstanding a 5% late payment penalty will be added to the outstanding liability. Interest is also charged on any late payments.
Tuesday 2
Deadline for submitting P46(car) for employees whose car/fuel benefits changed during the quarter to 5th January 2016
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 individual’s coding notice to reflect the change in benefit. This notification may be made by paper or online form.
Where one car is merely replaced with another, this can be notified online.
Friday 19
PAYE, Student loan and CIS deductions are due for the month to 5th February 2016
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 February 2016. In year interest will be charged if payment is made late. Penalties also apply.

March 2016

Wednesday 2
5% late payment penalty on any 2014/15 outstanding tax which was due on 31st January 2016 and still remains unpaid
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, capital gains tax or High Income Child Benefit Charge liabilities.
The balance of any outstanding income tax, Class 4 National Insurance, capital gains tax and High Income Child Benefit Charge for the year ended 5th April 2015 was due for payment by 31st January 2016.Where the payment is made late interest will be charged. On 2 March 2016 a late payment penalty of 5% will be added to the outstanding liability.
If we have already dealt with this matter on your behalf you need take no action.
Saturday 19
PAYE, Student loan and CIS deductions are due for the month to 5th March 2016
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 March 2016.In year interest will be charged if payment is made late. Penalties also apply.
Thursday 31
Last minute planning for tax year 2015/16
The final deadline of 5th April 2016 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 New Individual Savings Account investment limit (NISA)
  • making additional pension contributions for 2015/16.
Please do get in touch if you would like any further advice on these or any other issues.
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