April 2007
1st Small companies CT rate
20%.
6th Beginning of 2007/08 tax
year. Start of new Construction Industry Scheme and new rules for managed
service companies. Tax credit claimants must tell HMRC Tax Credit Office of
changes in family or child circumstances within one month of the change. Higher
benefit charges for use of company vans. IHT nil rate band £300,000.
19th Tax and NIC due on deemed
salary for 2006/07 under IR35 rules.
20th Interest accrues on
unpaid 2006/07 PAYE for most employers (21st if paying electronically).
30th IHT due on lifetime
transfers between 6 April and 30 September 2006. IHT on lifetime gifts after 30
September 2006 is due six months after the end of the month in which the gift
is made.
May 2007
1st New VAT fuel scale rates
apply based on CO2 emissions of the vehicle.
3rd Submit form P46 (car) for
quarter to 5 April 2007.
9th Last day to register to
file 2006/07 PAYE forms online. (Employers with 50+ employees must file online;
£150 tax-free payment to employers with fewer than 50 employees who file
online.)
19th File 2006/07 end of year
PAYE and CIS forms (penalties may be charged if forms are filed after this date
and are automatic from 26 May 2007).
31st Last day to issue 2006/07
P60s to employees.
July 2007
5th Last day to reach PAYE
settlement agreement (PSA) for 2006/07. Close companies to elect for all
beneficial loans to a director to be treated as a single loan.
6th Last day to file 2006/07
P11D/P9D forms and issue them to employees (penalties apply from 19 July
2007).
6th Last day to report 2006/07
awards of shares or share options to employees.
19th Final date to pay 2006/07
class 1A NIC (20th if paying electronically).
31st Due date for second
payment on account of 2006/07 income tax.
Last day to pay 2005/06 tax to avoid second
automatic surcharge and to file 2005/06 tax return to avoid second automatic
penalty up to £100. |
August 2007
2nd Submit form P46 (car) for
quarter to 5 July 2007.
September 2007
30th Last date to submit paper
2006/07 tax return if you want to have unpaid tax of up to £2,000
collected through the 2008/09 PAYE code.
October 2007
5th Deadline for notifying
HMRC of taxable income or gains if no tax return has been issued for
2006/07.
19th Tax and class 1B NIC due
under PSA (22nd for electronic payments). November 2007
2nd Submit form P46 (car) for
quarter to 5 October 2007.
December 2007
30th Last day to submit
2006/07 tax return via the internet to have unpaid tax of up to £2,000
collected through the 2008/09 PAYE code.
January 2008
31st Due date for balancing
payment and CGT for 2006/07 and first payment on account for 2007/08.
Submit 2006/07 tax return to avoid automatic
penalty up to £100. Last date for various claims relating to earlier tax
years.
February 2008
2nd Submit form P46 (car) for
quarter to 5 January 2008.
14th Deadline to claim
deferment of class 2 and 4 NIC for 2007/08.
28th Last day to pay 2006/07
tax to avoid automatic 5% surcharge.
March 2008
31st End of corporation tax
financial year.
April 2008
1st Small companies' CT rate
21%. Main rate 28%.
5th Deadline for paying into
an ISA for 2007/08.
Last day for making gifts with any unused IHT
annual exemption for 2006/07 and for making chargeable gains to use CGT annual
exemption for 2007/08. |
