Below is a list of the main tax events coming up for July and August 2020. It is important to be aware that filing your tax return late or failing to pay the tax you owe on time, could mean you face extra penalty fees and interest charges. It is therefore recommended that you authorise a tax specialist such as Beavis Morgan to handle your tax affairs and deal with HM Revenue & Customs on your behalf. This will ensure that all deadlines are met and that you are not paying more tax than you need to.
Corporation tax for year to 30/9/19 (unless pay quarterly)
Last date for agreeing PAYE settlement agreements for 2019/20 employee benefits
Deadline for agents and tenants to submit returns of rent paid to non-resident landlords and tax deducted for 2019/20
Deadline for forms P11D and P11D(b) for 2019/20 tax year. Also deadline for notifying HMRC of shares and options awarded to employees.
PAYE & NIC deductions, and CIS return and tax, for month to 5/7/20 (due 22/07 if you pay electronically)
50% payment on account of 2020/21 tax liability due. However, due to Covid-19 all taxpayers may defer the payment until 31/1/21 without incurring interest and penalties.
Corporation tax for year to 31/10/19 (unless pay quarterly)
PAYE & NIC deductions, and CIS return and tax, for month to 5/8/20 (due 22/08 if you pay electronically)
At Beavis Morgan, our diverse team of tax professionals are committed to ensuring that your tax reporting obligations are fully satisfied and that every opportunity to lawfully exploit tax savings is made known to you, restructuring your affairs in a tax effective and efficient way.
If you have any concerns relating to your tax return or wish to discuss your tax affairs in further detail, please contact your usual Beavis Morgan Partner.