By Mark Jones, director of Carmarthen-based Clay Shaw Butler chartered accountants and business consultants.
Electric and hybrid ‘plug-in’ vehicles are very much in the news nowadays, with some towns and cities having long term aims to make their areas ‘diesel and petrol free’.
As you would expect, there are some tax implications around electric and hybrid ‘plug-in’ vehicles.
HMRC are consulting on the tax exemption which will apply from 6 April 2018 on workplace electric charging facilities used by employees.
It was announced in the Autumn Budget 2017 that the government intends to implement an exemption for the benefit of electricity provided by an employer, at the workplace, to charge electric or plug-in hybrid vehicles.
The necessary legislation will be included in the Finance Bill later this year and its effect will be made retrospective to 6 April 2018.
This means that there is no need for employers to report the value of electricity provided for the workplace charging of employees’ vehicles from that date.
This consultation seeks comments on workplace charging tax exemptions for electric and plug-in hybrid vehicles.
This guidance will be of interest to employers that pay taxable benefits to employees and provide electric charging points for employee use and the provision of workplace charging facilities, which vehicles the exemption covers and the qualifying conditions of the exemption.
Internet link: GOV.UK consultations/draft guidance –
Meanwhile, keeping up with tax deadlines can be hard work.
But, here at Clay Shaw Butler, we have taken some of the pain out of the problem by working on a handy tax calendar.
Here are some up and coming tax dates for you to note . . .
Friday 1- Advisory Fuel Rates.
Tuesday 19 – PAYE, Student loan and CIS deductions are due for the month to 5th June 2018.
Thursday 5 – Deadline for reaching a PAYE Settlement Agreement for 2017/18.
Friday 6 – Deadline for forms P11D and P11D(b) for 2017/18 to be submitted to HMRC and copies to be issued to employees concerned.
Friday 6 – Deadline for employers to report share incentives for 2017/18.
Thursday 19 – Class 1A NIC due for 2017/18.
Thursday 19 – PAYE Student loan and CIS deductions due for the month to 5th July 2018.
Thursday 19 – PAYE quarterly payments are due for small employers for the pay periods 6th April 2018 to 5th July 2018.
Tuesday 31 – Second payment on account 2017/18 due.
Thursday 2 – Deadline for submitting P46 (car) for employees whose car/fuel benefits changed during the quarter to 5th July 2018.
Sunday 19 – PAYE, Student loan and CIS deductions are due for the month to 5th August 2018.
Saturday 1 – Advisory Fuel Rates.
Wednesday 19 – PAYE, Student loan and CIS deductions are due for month to 5th September 2018.
Friday 5 – Deadline for notifying HMRC of new sources of taxable income or gains or liability to the High Income Child Benefit Charge for 2017/18 if no tax return has been issued.
Friday 19 – Tax and NI due under a 2017/18 PAYE Settlement Agreement.
Friday 19 – PAYE, Student loan and CIS deductions are due for the month to 5th October 2018.
Friday 19 – PAYE quarterly payments are due for small employers for the pay periods 6th July 2018 to 5th October 2018.
Wednesday 31 – Deadline for submitting ‘paper’ 2017/18 self assessment returns.
Wednesday 31 – Deadline for submission of 2017/18 self assessment returns if you require HMRC to compute your tax liability and/or if tax underpaid is to be collected by adjustment to your 2019/20 PAYE code.
Friday 2 – Deadline for submitting P46(car) for employees whose car/fuel benefits changed during the quarter to 5th October 2018.
Monday 19 – PAYE, Student loan and CIS deductions are due for the month to 5th November 2018.
Saturday 1 – Advisory Fuel Rates.
Wednesday 19 – PAYE, Student loan and CIS deductions are due for the month to 5th December 2018.
Sunday 30 – Online filing deadline for submitting 2017/18 self assessment return if you require HMRC to collect any underpaid tax by making an adjustment to your 2019/20 tax code.
You an access our calendar on our website at – https://www.clayshawbutler.com/resources/tax-calendar
You can find out more about money matters on the Clay Shaw Butler website (under our news for business section) –
We have a strong and experienced team with great local knowledge all geared-up to helping you get the very best from your finances – whether that is as an individual or as a business.
We stay ahead of the game by putting great store by continual professional development for our staff.
With Investors In People status at Clay Shaw Butler, we care passionately about making sure our staff have all the tools they need to serve you, our customers.
Weblink – http://www.clayshawbutler.com
The team at Clay Shaw Butler can be contacted on 01267 228500.
The team at Clay Shaw Butler are on Twitter. Look for @clayshawbutler.