Danbro Umbrella Company Services for Contractors :: Danbro Newswires for Contractors

> Home

> About Us

> Our Solutions

> Tax Return Services

Back to Newswires

Danbro Newswires for Contractors - March 2008

Should you not be able to read this newswire in an HTML format, please email us to request a text version. Our aim is to keep you up-to-date with ideas and information that will help you gain the best possible advantages in working with us. This newswire will be sent regularly to help achieve this aim, and we hope you enjoy reading them.

Press Releases

IMPORTANT DATES

19 April 2008	Cheque payment for PAYE quarter ending 5th April due.
22 April 2008	Electronic payment for PAYE quarter ending 5th April due.
19 May 2008	2007/08 End of Year PAYE returns due P35 & P14.
06 July 2008	Deadline for submission of forms P11d, P11d (b) and P9D for the year to 5 April 2008.
31 July 2008	Second payment on account for 2007/08.
31 July 2008	Second automatic surcharge of 5% due if the balancing payment of tax for 2006/07 is not paid by this date. The second 5% surcharge does not apply to late payment of the first payment on account for 2007/08.
31 July 2008	Second penalty of up to £100 due if the self-assessment tax return is still outstanding six months after the usual filing date (31 January).
31 October 2008	This is the new deadline for 2007/08 paper tax returns. Only on line returns accepted after this date.

Expenses for Employees

Normally, the payment or reimbursement of expenses or the provision of a benefit in kind is taxable on the employee. However, particularly with expenses, it may well be that the employee is entitled to tax relief personally on the same amount. In order to obtain the relief, the employee would have to write to HMRC or fill out a tax return.

Employer and Contractor Returns Interim Penalties

HMRC have announced that they have started sending penalty notices where their records show that they have not received 2006/07 forms P35 and P14 (the employer’s annual return and end of year summary). Similar penalties are also being issued where 2006/07 form CIS36 (the contractor’s annual return) is outstanding.

Benefits in Kind and Expenses in the Payroll

HMRC have published a consultation document on payrolling benefits in kind. The idea is that payrolling benefits in kind would remove the need for employers to complete P11Ds.

For further details, please contact Danbro for Umbrella Service: 01253 600141, General Enquiries: 01253 600140 or email enquiries@danbro.co.uk or send an enquiry.

Complete our quick form
Name		Email
Telephone		Contact Via
Best time to call		Which service are you interested in?