31st January 2008:
Final date for submission of self assessment returns to H M Revenue & Customs
Final date for payment of tax liability
28th February 2008
Final date for payment of tax liability for the year ended 5th April 2007 to avoid an automatic 5% surcharge
6th April 2008 onwards
Issue by hardy & Company Accountants Limited of Form P11D check list to all limited companies and clients with employees. The final date for submission of these documents is 6th July 2008 so must have them back by 30th April 2008 to guarantee compliance
6th April 2008 onwards
Issue by hardy & Company Accountants Limited of Form 42 to all company clients (these forms have the same deadline date as the forms P11D noted above).
19th May 2008
Final date for the submission of year end PAYE documents, forms P35, P14 and P38a.
30th June 2008
Final date for return of Income Tax check list to Hardy & Company Accountants Limited.
Please note that due to the change in tax legislation, self assessment tax returns for the year ended 5th April 2008, which are not submitted online, must be submitted to the HM Revenue & Customs by 31st October 2008, or a £100 penalty will be levied.
19th July 2008
Deadline for the payment of Class 1A National Insurance contributions in relation to forms P11D.
31st July2008
Second deadline for late submission of Income Tax Return forms for the year ended 5th April 2007. beyond this date a further fine and surcharges will be levied.
31st July 2008
Final date for Tax Credit renewal. This can not be done without a completed Tax Return.
ONLINE TAX RETURNS
As you are probably aware, the HM Revenue & Customs have started their push for all tax returns to be submitted electronically and for all payments to also be made electronically. We can advise that the dates that electronic submission/payments will become compulsory are currently as follows:
Self Assessment
The HM Revenue & Customs have now brought forward the deadline for submission of paper self assessment tax returns from 31st January to 31st October. Therefore tax returns for the year ending 5th April 2008, which are not submitted electronically, must be submitted before 31st October 2008 or a £100 penalty will be imposed.
Pay As You Earn
Large and medium sized employers (those with 50 or more employees) required to file in-year forms online from April 2009. Small employers (with fewer than 50 employees) are required to file in-year forms online from April 2011.
Value Added Tax
Large, medium sized and most small traders (those with turnover more than £100,000) and all newly registered VAT traders required to file online and pay electronically form April 2010.
If you wish to submit you VAT return Online at present, you must pay electronically, but in some cases may have up to 7 extra calendar days fr5om the normal due date to submit your return and make payment to the HM Revenue & Customs.
If you opt to pay by the revenue’s online Direct Debit service then they may also offer an additional 3 working days before collecting payment.
Corporation tax
Online filing and electronic payment for all corporation tax returns from April 2011.
10% DISCOUNT to all Hardy & Company Accountants Ltd Clients
On Health & Safety Management system.
Each year more people are killed at work than are killed in wars . How the law responds is important, and the UK’s new Corporate Manslaughter and Corporate Homicide Act is a significant improvement on earlier legislation. The legislation which comes into force as of April 2008 makes it easier to convict culpable organisations. The ramifications for UK businesses are great, This law will not penalise organisations with have active, current and complete safety systems in the work place but will aggressively target those companies who are lapse in their Health and Safety responsibilities especially in regards to the safety and health of their staff. Health and safety falls under civil Law which unlike Criminal law states that a defendant is Guilty until they can prove themselves innocent. The most effective way to do this is by having a complete Health and safety management system. The Act is one of the most significant legislative changes to corporate responsibilities since the principles of the modern company were cited in 1373. The new law will apply not just to the UK’s 2.3 million companies but to partnerships, other employers like trade unions, and to some non-commercial organisations.
As a solution we have developed OHSAS Program Five, an easy to implement, step-by-step Health And Safety management system, which is personalised to your company and on completion will provide you with a documented policy for all areas of your business, meeting legal and insurance compliances and providing the platform from which to reach full OHSAS 18001 accreditation.
WHAT THE PROGRAM CAN DO
- Involve your staff in taking responsibility in their own health and safety.
- Increases productivity by eliminating accidents around the workplace.
- Protect company directors, managing directors and competent persons from prosecution.
- Save money on insurance.
- Become legally compliant with 35 legislations.
- Ensure you have the correct systems in place for the introduction of the corporate killing law in April 2008.
ADAPTING THE PROGRAM INTO YOUR COMPANY
You can see how the system works and how it would work for your business, by accessing a trial environment below, quoting your unique reference number as shown. |
