This month all business owners should be aware of the following deadlines.
07th December 2009 - Payment of VAT for Online submission of VAT return for the period 31st October 2009.
19th December - Payment of PAYE for October salaries if you pay monthly.
31st December- Filing of accounts with Companies House for any company with a year end of March 2009.
31st December - Payment of Corporation Tax for any company with a year end of March 2009.
31st December - Filing of CT600 and year end accounts for any company with a year end of December 2008.
31st December - Payment of VAT for the VAT return submitted by post for the quarter ending 30th November.
This month all business owners should be aware of the following deadlines.
07th November 2009 - Payment of VAT for Online submission of VAT return for the period 30th September 2009
19th November - Payment of PAYE for September salaries if you pay monthly.
30th November- Filing of accounts with Companies House for any company with a year end of February 2009.
30th November - Payment of Corporation Tax for any company with a year end of February 2009.
30th November - Filing of CT600 and year end accounts for any company with a year end of November 2008.
30th November - Payment of VAT for the VAT return submitted by post for the quarter ending 31st October.
With effect from 1st October 2009 Companies House are introducing further changes to the Companies Act 2006.
Whereas the changes have an effect in various areas, forProfessional Contractors and Freelancers it really only impacts on thefollowing areas.
Many of the commonly used forms to make changes such as change ofDirector (288a or 288b), Registered Office Address (287), CompanyAnnual Return (363a), Allotment of Shares (88-2), and more havechanged. You can find a table detailing the new forms here.
Each Director will now have to have a 'service address' where documents can be sent and received from Companies House.
This may be the same as your residential address or registered office address and will be available for public viewing.
If you do not want to use your residential as the service address we have introduced a new service which you may use.
If you do change your service address you still have to informCompanies House of your residential address, however this is onlydivulged to the Police and Regulatory Authorities if necessary.
Please contact us by email to service@bfca.eu for further details of our new service.
It is important to be aware of the changes as there are some newcivil penalties applicable for failure to comply in response to anotice from the registrar.
You can find full details of the areas to be changed in the Act.
If you are registered for PAYE with HMRC you will be liable to file a payslip, either on-line or by post, monthly or quarterly.
HMRC do not know what PAYE and NICS payments are due until youinform them. If in a month or quarterly period you have no payment dueto make you must still let them know; otherwise you will receive anoverdue payment notice from them.
You can advise them in two ways:
- Complete an on-line form here quoting your PAYE reference number and period
- Phone them on 0845 366 7816 , quoting your PAYE reference number and period
In the article the “you” as referred to is directed at recruitment agencies and thecontent of the article relates to recruitment agencies ensuring thatthey are “safe” with regards to the “Debt Transfer” rules with HMRCthat became effective January this year when “recommending” offshoreschemes to their contractors.
Thearticle suggests that some “offshore” scheme providers may not bedivulging the true nature and operational structure of their scheme andrecommendsthat recruitment agencies do not receive rewards either in money orgifts for referrals of clients to these schemes thus exposingthemselves to the risk of the debt transfer rules.
From theperspective of a freelancer of professional contractor, we cannotstress enough the importance of making yourself fully aware of the setup and operation of any such scheme that you are involved with orconsidering.
Remember:
The debt transfer rules were legislated to empower HMRC to seek redress for any unpaid debts from third parties.
However, in many cases you are the first port of call; on top of the list BEFORE any third party.
We recommend that you seek professional and or legal advice before using any “offshore” scheme.
Ensure you are fully aware of all facts and that the scheme provider is fully compliant with all legislation.
Rememberthat in most of these schemes that we have seen the scheme providerearns their fees whether you, the tax payer, get into a prolonged taxinvestigation with HMRC, and whether you win or lose any investigation.You could perhaps ask yourself who will gain the most out of thearrangement, and who carries the risk of the arrangement not workingout as promised.
This month all business owners should be aware of the following deadlines.
07th October - Payment of VAT for Online submission of VAT return for the period 31st August 2009
19th October - Payment of PAYE for September salaries if you pay monthly.
19th October - Payment of PAYE for salaries if you pay quarterly.
19th October - Payments arising from a PAYE settlement agreement (PSA)
31st October- Filing of accounts with Companies House for any company with a year end of January 2009.
31st October - Payment of Corporation Tax for any company with a year end of January 2009.
31st October - Filing of CT600 and year end accounts for any company with a year end of October 2008.
31st October - Payment of VAT for the VAT return submitted by post for the quarter ending 30th September.
31st October - Deadline to file paper self-assessment tax returns for year ending 5th April 2009.
With effect from 1st October 2009 Companies House are introducing further changes to the Companies Act 2006.
Whereas the changes have an effect in various areas, forProfessional Contractors and Freelancers it really only impacts on thefollowing areas.
Many of the commonly used forms to make changes such as change ofDirector (288a or 288b), Registered Office Address (287), CompanyAnnual Return (363a), Allotment of Shares (88-2), and more havechanged. You can find a table detailing the new forms here.
Each Director will now have to have a 'service address' where documents can be sent and received from Companies House.
This may be the same as your residential address or registered office address and will be available for public viewing.
If you do not want to use your residential as the service address we have introduced a new service which you may use.
If you do change your service address you still have to informCompanies House of your residential address, however this is onlydivulged to the Police and Regulatory Authorities if necessary.
Please contact us by email to service@bfca.eu for further details of our new service.
It is important to be aware of the changes as there are some newcivil penalties applicable for failure to comply in response to anotice from the registrar.
You can find full details of the areas to be changed in the Act.
This month all business owners should be aware of the following deadlines.
07th September 2009 - Payment of VAT for Online submission of VAT return for the period 31st July 2009
19th September - Payment of PAYE for August salaries if you pay monthly.
30th September- Filing of accounts with Companies House for any company with a year end of December 2008.
30th September - Payment of Corporation Tax for any company with a year end of December 2008.
30th September - Filing of CT600 and year end accounts for any company with a year end of September 2008.
30th September - Payment of VAT for the VAT return submitted by post for the quarter ending 31st August.
This month all business owners should be aware of the following deadlines.
07th August - Payment of VAT for Online submission of VAT return for the period June 30th 2009
19th August - Payment of PAYE for July salaries if you pay monthly.
31st August- Filing of accounts with Companies House for any company with a year end of November 2008.
31st August - Payment of Corporation Tax for any company with a year end of November 2008.
31st August - Filing of CT600 and year end accounts for any company with a year end of August 2008.
31st August - Payment of VAT for the VAT return submitted by post for the quarter ending 31st July.
Today will be the last time you can pay your income tax by directbank transfer without attracting the 5% surcharge on unpaid income taxfor the 2008/9 fiscal year. This allows time for your bank to transferthe payment so that it arives cleared at HMRC on or before 31st July2009.
You may have already sufferred the 5% surcharge on unpaid 2007/8income tax on 28th February 2009, this will be your second surcharge onany balance outstanding.
There will also be an interst charge at the current HMRC interest rates.
If you are a client and would like any advice regarding the paymentof income tax please contact your Personal Accountant. If you are notcurrently a client, please feel welcome to book a free initial consultation with me.