Tax Diary July/August 2020

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1 July 2020 – Due date for Corporation Tax due for the year ended 30 September 2019.

6 July 2020 – Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs.

19 July 2020 – Pay Class 1A NICs (by the 22 July 2020 if paid electronically).

19 July 2020 – PAYE and NIC deductions due for month ended 5 July 2020. (If you pay your tax electronically the due date is 22 July 2020)

19 July 2020 – Filing deadline for the CIS300 monthly return for the month ended 5 July 2020. 

19 July 2020 – CIS tax deducted for the month ended 5 July 2020 is payable by today.

31 July 2020 – Self-assessment second payment on account for 2019-20 is due. The government has announced measures that will allow many tax payers to delay this payment until January 2021, if they wish. 

1 August 2020 – Due date for Corporation Tax due for the year ended 31 October 2019.

19 August 2020 – PAYE and NIC deductions due for month ended 5 August 2020. (If you pay your tax electronically the due date is 22 August 2020)

19 August 2020 – Filing deadline for the CIS300 monthly return for the month ended 5 August 2020. 

19 August 2020 – CIS tax deducted for the month ended 5 August 2020 is payable by today.
 

Useful information for Tax Diary July/August 2020

IndividualsSole Trader or Partnership

Late filing and late payment penalties are to be waived for one month for Self Assessment taxpayers HM Revenue and Customs (HMRC) is waiving

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IndividualsSole Trader or Partnership

There are now less than 68 days to file your 2020-21 Self-Assessment tax return. Last year over 12.5 million taxpayers were required to complete

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Limited CompaniesSole Trader or Partnership

If not, but you are voluntarily registered for VAT because your annual turnover is below £85,000, you will need to sign up for MTD

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Limited CompaniesSole Trader or Partnership

In other words, do you have a plan for leaving your business at some point in the future? Do you want to sell the

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Limited CompaniesSole Trader or Partnership

Currently, VAT registered businesses with a taxable turnover of more than £85,000 must follow the rules for ‘Making Tax Digital for VAT’ (MTD) by

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Limited CompaniesSole Trader or Partnership

A recurring invoice is an invoice that you send to the same customer at regular intervals, which has the same information on it every

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