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Welcome to the Haines Watts Newswire
June 2009
News
Advisory Fuel Rates Changes
HMRC has announced the new fuel rates for company cars from 1 July 2009 (which take account of any periodic fuel price adjustments as well as the lowered VAT rate). Read more...
Trade credit insurance scheme to be extended
The Government has announced that eligibility for its £5bn trade credit insurance top-up scheme has been backdated. Read more...
Revenue tax campaign ’to target undeclared UK income’
HM Revenue and Customs (HMRC) may extend its offshore tax campaign to target funds hidden in the UK as well, according to recent reports. Read more...
Key dates
June 2009
30th: End of CT61 quarterly period.
Last day for UK businesses to reclaim EC VAT chargeable in 2008.
Annual adjustment for VAT partial exemption calculations (March VAT year end).
Filing date for Corporation Tax Return Form CT600 for period ended 30 June 2008.
July 2009
1st: Due date for payment of Corporation Tax for period ended 30 September 2008.
6th: Last day to file Taxed Award Scheme Returns, file P11Ds, P11D(b)s, P9Ds and Forms 42. Issue copies of P11Ds or P9Ds to employees.
Deadline for relevant third parties to give non-employees information on benefits/expenses they have provided to them in 2008/09.
14th: Due date for income tax for the CT61 period to 30 June 2009.
19th: Quarter 1 2008/09 PAYE and CIS remittance due for small employers and contractors.
Final date for payment of 2008/09 Class 1A NICs.
31st: Second self assessment payment on account for 2008/09.
Annual adjustment for VAT partial exemption calculations (April VAT year end).
Further 5% surcharge on any tax unpaid for 2007/08.
Filing date for Corporation Tax Return Form CT600 for period ended 31 July 2008.
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VAT Update
VAT Returns Online - Register Now!
From April 2010, all VAT registered businesses with a turnover of more than £100,000 and all newly registered businesses of any size, will be required to submit their VAT returns online and pay any VAT due electronically. If you are not yet set up to submit online you should consider doing so as soon as possible to ensure that you and your systems are ready for the new requirements next year. For more information, contact your local Haines Watts office.
Useful Links
The Forum of Private Business has launched an online video advice service, which brings a wide range of business advice, broken down in short streamed videos. To view the videos or to find out more, click the link below.
Click here to find out more
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