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January Key Tax Dates

Newsletter issue - January 2015

1 - Due date for payment of Corporation Tax for the year ended 31 March 2014

14 - Return and payment of CT61 tax due for quarter to 31 December 2014

19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/1/2015 or quarter 3 of 2014/15 for small employers

31 - Deadline for filing 2014 Self Assessment personal, partnership and trust Tax Returns - £100 first penalty for late filing even if no tax is due or tax due is paid on time
- Balancing self assessment payment due for 2013/14
- Capital gains tax payment due for 2013/14
- First self assessment payment on account due for 2014/15
- Interest accrues on all late payments
- Half yearly Class 2 NIC payment due
- Further penalty of 5% of tax due or £300, whichever is greater for personal tax returns still not filed for 2012/13
- 5% penalty for late payment of tax unpaid for 2012/13 self assessment

Chartered Accountants in Richmond, Surrey, The Hughes Consultancy provides a wide range of business, tax, financial planning and business growth services. All of our clients benefit from competitive pricing, our expertise, and unlimited support. Contact us today to learn how we can support you.

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