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Tax Diary November/December 2018


November 14th, 2018

1 November 2018 – Due date for Corporation Tax due for the year ended 31 January 2018. 19 November 2018 – PAYE and NIC deductions due for month ended 5 November 2018. (If you pay your tax electronically the due date is 22 November 2018.) 19 November 2018 – Filing deadline for the CIS300 monthly […]


Fifty pound note gets new lease of life


November 14th, 2018

The Treasury has confirmed that the £50 note will continue to be part of the UK’s currency, and further, that the Bank of England will reissue it as a new modern polymer note. According to Treasury sources this will help clamp down on crime. The announcement follows a public consultation and the government has confirmed […]


Childcare scheme update


November 14th, 2018

The childcare voucher and directly contracted childcare schemes closed 4 October 2018. In time, these schemes will be replaced by the roll-out of the new Tax-Free Childcare: this offers parents £2,000 per year per child towards approved childcare costs. (This is extended to £4,000 for disabled children.) In a recent article HMRC confirmed the following […]


Reporting tips for building contractors


November 14th, 2018

HMRC recently published a list of helpful reminders regarding the submission of monthly returns to HMRC. This article lists some of the points highlighted. Each month contractors must send HMRC a complete return of all payments made to subcontractors within the scheme in the preceding tax month. This is regardless of whether the subcontractors were […]


Making Tax Digital timeline


November 14th, 2018

As many readers of our newsletter will be aware, HMRC is moving forwards with their digitisation of taxpayer VAT and Income Tax reporting requirements under their much publicised Making Tax Digital (MTD) initiative. We have reproduced below recent announcements made by HMRC on this issue. Mandatory filing of VAT returns using MTD compliant software will […]


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