Financial Diary Dates

If commencing self employment, notify H M Revenue & Customs to pay Class 2 national insurance within three months of starting.

If a company car is changed, or provided to an employee for the first time, notify the H M Revenue & Customs on form P46(Car) within 28 days following the end of the PAYE quarter (i.e. by 3 May, 3 July, 2 November or 2 February).

If paying PAYE/NIC or CIS deductions monthly, payment is due by 19th of the month following the month of deduction. For example deductions in respect of pay in the month ending 5 May are due by 19 May.

If paying PAYE/NIC or CIS deductions quarterly, payment is due by 19th of the month following the quarter of deduction. For example deductions in respect of quarter ending 5 July are due by 19 July. Quarterly payments are permitted if your average monthly deductions are less than £1,500.

There are numerous other deadlines that apply to Capital Gains Tax and Inheritance Tax - please contact us for specific advice on your personal circumstances