There are a number of key dates to look out for in April especially in relation to taxes.
Take a look and make sure you don’t get caught out by being late with payments and deadlines to avoid penalties and fines and missed opportunities.
1 April 2016
Corporation Tax due for company accounts year ended 30 June 2015
5 April 2016 End of the Current Tax Year
Ensure you have declared and issued dividends to use up your basic rate tax band and used up your ISA allowances
19 April 2016
PAYE, NIC and Student loan deductions due for the month ended 5 April 2016
Filing deadline for CIS300 monthly return for the month ended 5 April 2016
CIS Tax deducted for the month 5 April 2016 is payable by this date
Automatic interest will be charged where PAYE tax, Student loan deductions, Class 1 NI or CIS deductions for 2015/16 are not paid by today. Penalties may also apply if any payments have been made late throughout the year.
PAYE quarterly payments are due for small employers for the pay periods 6th January 2016 to 5 April 2016
Deadline for employers’ final PAYE return to be submitted online for 2015/16
Alison obtained a First class degree in Accountancy and Management at UCLAN University. She then went on to qualify as a certified accountant in 2006 and became a founder member in 2011.
Alison trained at a practice in Liverpool and, within her 10 years there, she developed as an accounts manager and obtained a varied portfolio of clients which has provided her with a range of experience in accounts, audit, VAT and taxation. Alison specialises in giving sound jargon-free advice to a range of small and medium sized businesses.