Tax reminders from the team at Carmarthen-based chartered accountants Clay Shaw Butler.
The following Tax Events are due on 19th January 2019:
PAYE quarterly payments are due for small employers for the pay periods 6th October 2018 to 5th January 2019
This deadline is relevant to small employers and contractors only. As a small employer with income tax, national insurance and student loan deductions of less than £1,500 a month you are required to make payment to HMRC of the income tax, national insurance and student loan deductions on a quarterly basis.
Where the payment is made electronically the deadline for receipt of cleared payment is 22nd January 2019. In year interest will be charged if payment is made late. Penalties also apply.
PAYE, Student loan and CIS deductions are due for the month to 5th January 2019
This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.
Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Where the payment is made electronically the deadline for receipt of cleared payment is 22nd January 2019. In year interest will be charged if payment is made late. Penalties also apply.
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