Catering Scotland

Announcing Mazars’ Tax Planner 2016/7

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Announcing Mazars’ Tax Planner 2016/7

Announcing Mazars’ Tax Planner 2016/7
May 23
08:53 2016

MAZARS logo

For the second year running, 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. You can view our library of tax-related articles by clicking here.

In the meantime, we’ve got a diary planner of crucial dates for the forthcoming nine months, up to the end of the current tax year in 2017.

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.

Fotolia_38270384_MPLEASE 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 RETURNS/PAYMENT ARE MADE ON OR BEFORE THE DUE DATE.

  •  May 2016

  • 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 Deadline for online for CIS
  • 22nd Monthly deadline of electronic payment of PAYE/Class 1 NICs
  • 31st Last day to provide copy of P60 to employers
  • June 2016

  • 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 Deadline for online for CIS
  • 22nd Monthly deadline of electronic payment of PAYE/Class 1 NICs
  • July 2015

Employment

  • 6th Last date for agreeing PAYE settlement Agreements (PSA) for 2015/6
  • 6th Deadline for notifying HMRC of any redundancy and termination packages paid during 2015/6 exceeding £30,000
  • 6th Deadline for filimg forms P11D, P11D(b), or substitutes for 2015/6 and for providing forms P11D to employees
  • 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 2015/16 tax due
  • 31st Submit 2015/16 PSA computations to HMRC by the agreed date as per the PSA

Share Schemes

  • 6th HMRC deadline for all new non-tax-advantaged employee share plans with reportable events in 2015/6 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 2015/6 (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 2015/6 (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

  • 5th Deadline for registration of Self Assessment tax returns for the tax year 2015/6
  • 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 2015/16

 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

TBA: Autumn Statement

 

  • 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 2015/16 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 2015/16, 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. Visit  www.mazars.co.uk for information on any aspect of tax.

Contacts:

  • Fiona cropFiona Martin – Edinburgh

Partner, Audit and Advisory

E: Fiona.Martin@mazars.co.uk

T: 0131 313 7916

 

  • Liz cropLiz Richie – Edinburgh

Partner, Private Client

E: liz.richie@mazars.co.uk

T: 0131 313 7930

 

  • Mazars David McComb low resDavid McComb – Edinburgh

Tax Director

E: David.Mccomb@mazars.co.uk

T: 0131 313 7957

 

  • Michael McAllisterMichael MacAllister – Glasgow

Payroll Team Leader

E: michael.mcallister@mazars.co.uk

T: 0141 225 4992

 

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Catering Scotland

Catering Scotland

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