Catering Scotland

Announcing Mazars’ Must-See Tax Planner for 2015/6

 Breaking News

Announcing Mazars’ Must-See Tax Planner for 2015/6

Announcing Mazars’ Must-See Tax Planner for 2015/6
July 05
20:50 2015

MAZARS logo

In the first of a new series, CateringScotland.com has once again teamed up with leading tax and accountancy advisers, Mazars, to help hospitality and catering operators to plan effectively the financial year ahead.

Over the next few months we’ll be publishing articles which will assist businesses and individuals by providing advice, hints, tips and useful dates on how to make the most of your tax position.

First up, we’ve got a diary planner of crucial dates for the forthcoming nine months, up to the end of the current tax year.

So, have your own diaries at the ready and take a few minutes to peruse this comprehensive guide to the year ahead. And watch out for July – this is a busy month and all businesses will have several accounting commitments to which they need to adhere – the first of which start today, 6th July.

Money

Please note: the dates mentioned in this calendar are statutory deadline dates. However, where these dates fall on the weekend/statutory holidays, the respective returns/payments may need to be made on the preceding working day to ensure your returns/payment are made on or before the due date.
  • July 2015

Employment

  • 6th Last date for agreeing PAYE settlement Agreements (PSA) for 2014/5
  • 6th Deadline for notifying HMRC of any redundancy and termination packages paid during 2014/5 exceeding £30,000
  • 19th Deadline for postal payments to reach HMRC accounts office for any outstanding Class 1A NICs
  • 19th Monthly for Postal Payments of PAYE/Class 1 NICs
  • 22nd Monthly deadline of electronic payment of PAYE/Class 1 NICs
  • 31st Self-assessment payments on accounts for 2014/15 tax due
  • 31st Submit 2015/15 PSA computations to HMRC by the agreed date as per the PSA

Share Schemes

  • 6th HMRC deadline for all non-tax-advantaged employee share plans existing before 6th April 2014 to be registered online if there is a reportable event in 2014/5. (if there is no reportable event you do not need to register until there is one)
  • 6th HMRC deadline for all new non-tax-advantaged employee share plans with reportable events in 2014/5 to be registered online
  • 6th HMRC deadline for all non-tax-advantaged arrangement ‘Form 42’ information to report share-related benefits provided to employees in 2014/5 (HMRC will not send reminders and can now charge automatic penalties for late filing)
  • 6th HMRC deadline for all existing and new EMI employee share plans to be registered online
  • 6th HMRC deadline for all existing and new CSOP, SIP and SAYE employee share plans to be registered online, and for a self-certified declaration of conformity to be filed online
  • 6th Deadline for online filing with HMRC of SIP ‘Form 39’, SAYE ‘Form 34’ and CSOP ‘Form 35’ information for 2014/5 (HMRC will not send reminders and can now charge automatic penalties for late filing)

CIS (Construction Industry Scheme)

  • 6th Deadline for filing forms P9D, P11D, P11D( b), or substitutes for 2014/15, and for providing P11D forms for employees
  • 19th Monthly deadline for CIS returns
  • 22nd Online payment for CIS deadline

 

  • AUGUST

Employment

  • 19th Monthly for Postal Payments of PAYE/Class 1 NICs
  • 22nd Monthly deadline of electronic payment of PAYE/Class 1 NICs

CIS (Construction Industry Scheme)

  • 19th Monthly deadline for CIS returns
  • 22nd Online payment for CIS deadline

 

  • SEPTEMBER

Employment

  • 19th Monthly for Postal Payments of PAYE/Class 1 NICs
  • 22nd Monthly deadline of electronic payment of PAYE/Class 1 NICs

CIS (Construction Industry Scheme)

  • 19th Monthly deadline for CIS returns
  • 22nd Online payment for CIS deadline

 

  • OCTOBER

Employment

  • 1st New National Minimum Wage rates come into force
  • 19th Monthly deadline for Postal Payments of PAYE/Class 1 NICs
  • 19th Final date for postal payments to HMRC for any outstanding tax and Class 1B NICs liability – where a PSA exists
  • 22nd Monthly deadline of electronic payment of PAYE/Class 1 NICs
  • 31st Deadline for paper submission of Self-Assessment tax returns for the tax year 2014/15

 CIS (Construction Industry Scheme)

  • 19th Monthly deadline for CIS returns
  • 22nd Online payment for CIS deadline

 

  • NOVEMBER

Employment

  • 19th Monthly for Postal Payments of PAYE/Class 1 NICs
  • 22nd Monthly deadline of electronic payment of PAYE/Class 1 NICs

 CIS (Construction Industry Scheme)

  • 19th Monthly deadline for CIS returns
  • 22nd Online payment for CIS deadline

 

  • DECEMBER

TBA – The Chancellor’s Autumn Statement

Employment

  • 19th Monthly for Postal Payments of PAYE/Class 1 NICs
  • 22nd Monthly deadline of electronic payment of PAYE/Class 1 NICs
  • 31st Deadline for online submissions of Self-Assessment tax return for 2014/15 to pay tax through your PAYE tax codes

 CIS (Construction Industry Scheme)

  • 19th Monthly deadline for CIS returns
  • 22nd Online payment for CIS deadline

 

  • JANUARY 2016

Employment

  • 19th Monthly for Postal Payments of PAYE/Class 1 NICs
  • 22nd Monthly deadline of electronic payment of PAYE/Class 1 NICs
  • 31st Deadline for online submission of Self-Assessment tax returns for 2014/15, and for paying any tax due

 CIS (Construction Industry Scheme)

  • 19th Monthly deadline for CIS returns
  • 22nd Online payment for CIS deadline

 

  • FEBRUARY

Employment

  • 19th Monthly for Postal Payments of PAYE/Class 1 NICs
  • 22nd Monthly deadline of electronic payment of PAYE/Class 1 NICs

 CIS (Construction Industry Scheme)

  • 19th Monthly deadline for CIS returns
  • 22nd Online payment for CIS deadline

 

  • MARCH

TBA – The Chancellor’s Budget

Employment

  • 19th Monthly for Postal Payments of PAYE/Class 1 NICs
  • 22nd Monthly deadline of electronic payment of PAYE/Class 1 NICs

 CIS (Construction Industry Scheme)

  • 19th Monthly deadline for CIS returns
  • 22nd Online payment for CIS deadline

With a direct presence in over 70 countries, Mazars draws on the expertise of over 14,000 professionals to assist companies, individuals and entrepreneurs in every stage of their development.

Contacts:

  • Fiona Martin – Edinburgh

Partner, Audit and Advisory

E: Fiona.Martin@mazars.co.uk

T: 0131 313 7916

 

  • Liz Richie – Edinburgh

Partner, Private Client

E: liz.richie@mazars.co.uk

T: 0131 313 7930

 

  • David McComb – Edinburgh

Tax Director

E: David.Mccomb@mazars.co.uk

T: 0131 313 7957

 

  • Michael MacAllister – Glasgow

Payroll Team Leader

E: michael.mcallister@mazars.co.uk

T: 0141 225 4992

 www.mazars.co.uk

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Catering Scotland

Catering Scotland

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