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July Key tax dates
Newsletter issue - July 2022
5 - PAYE Settlement Agreements for 2021/22 must be agreed with HMRC.
Letting agents acting for non-resident landlords must make a return of the rents paid to landlords and tax deducted in 2021/22 (form NRLY). If no letting agent is acting the tenant must make the return.
6 - Employers to submit forms P11D and returns of Class 1A NICs (forms P11D(b)) to HMRC for 2021/22.
Employers must supply relevant employees with P11D information for 2021/22.
Annual returns for reporting events relating to all employee share schemes in 2021/22 must be submitted through ERS.
Employee share schemes put in place in 2021/22 must be registered.
File report of termination payments and benefits where non-cash benefits are included in the package, where the total value of the settlement is £30,000 or more.
Where a close company has provided beneficial loans to a director, it must elect by this date for all loans to be treated as a single loan to calculate benefits in kind.
7 - Return must be made of non-cash benefits provided in 2021/22 to retired employees under the employer-financed retirement benefits scheme.
19 - Employer non-electronic payments of Class 1A NICs for 2021/22 on benefits returned on a declaration of expenses and benefits (form P11D(b)) must reach HMRC. The due date is 22 July for payments made by an approved electronic payment method.
31 - Second payment on account of self-assessed income tax and Class 4 NIC for 2021/22 due.
Tax credit claims for 2021/22 must be confirmed and renewed for 2022/23 if required.
Deadline to pay any self-assessment tax owing for 2020/21 before a second automatic penalty is charged.
Where a pension scheme annual allowance charge of over £2,000 is due for 2021/22 the pension scheme member must inform the scheme administrator if they want to scheme to pay that charge from their pension benefits.
What our clients say about us...
"Paul has provided accountancy services to my company for 2 years now. I can recommend Paul very highly; his skills as an accountant are highly detailed and professional and he is always available to provide advice. One aspect of the way Paul works that I greatly appreciate is a preference to meet face to face when there is a detailed conversation to be had. I personally find this more productive and is a benefit of working with a small accountancy firm that you wouldn't get with the large faceless providers."
ALISTAIR FAIRWEATHER - PROGRAMME & PROJECT MANAGER, DELIVERING/RESCUING I.T. 7 BUSINESS CHANGE WITH BUDGETS UPTO £50M INC SUPPIER MANAGEMENT
"I couldn't ask for more from Paul as an Accountant. Paul has been accountant to Work Relief Charity Recruitment for just over a year now and is proving an invaluable asset. Accurate, knowledgeable, flexible with an emphasis on service delivery, I would recommend Paul's services to any organisation looking for an accounts professional."
Neil Price - Managing Director at Work Relief Charity Recruitment
"Paul was a referral from a family member when I started my business 2 years ago. As this was the first time I had ever run my own company I was totally clueless over the financial side of matters and was worried that I may have made mistakes in any of my accounting. I needn't have worried as after enaging Paul for a set monthly fee he was always there on the end of the phone for all sorts of questions I had and no matter how trivial they were Paul gave me all the information I required and more and did an excellent and painless job at the end of my first year! Couldn't ask for any better to be honest. Just two words - hire him!!!"
Lee Westrap MBCS - Director - Bulldog IT Services
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