October Newsletter

Welcome to the October edition of our monthly newsletter. we hope that you find the articles of interest. Please feel free to forward to colleagues or friends.

Our latest news stories can be found on our website as well as our social network pages on Facebook, Google+, LinkedIn and Twitter, so why not look us up.

Charity Mergers

A Charity Merger is possible, allowing for you to bring in more skills, attract additional funds and maintain the stability of your charity.


RTI Penalties Delayed

RTI penalties, for small employers, for the late filing of information have been further delayed by HMRC until 6th March 2015.


IT Support Services

We are able to provide a number if IT support services to help you and your business. Software installation, PC maintenance, hardware upgrades and many more


VAT: Invoice Discounts

Suppliers often offer discounts to their customers if they pay promptly by a certain date. As of April 2015 rules governing the VAT treatment of these discounts is changing. 


Important dates

1st Oct - Corporation Tax payment for the year ended 31 Dec 2013 becomes due

5th Oct - If a Tax Return has not been received, individuals and trustees must notify HMRC of new sources of income and chargeability in 2013/14

6th Oct - RTI penalty charges for late submissions ( >49 Employees only) come into effect

14 Oct - Return and payment of CT61 tax due for quarter to 30 September 2014

19th Oct - Tax and Class 1B national insurance due on PAYE settlements for 2013/14

19/22 Oct - PAYE/NIC, student loan and CIS deductions due for month to 5/10/2014 or quarter 2 of 2014/15 for small employers

31st Oct - Deadline for 2013/14 self-assessment paper returns to be filed for HMRC to do the tax calculation. If a paper return is being filed also the deadline for tax underpaid to be collected by adjustment to your 2015/16 PAYE code (for underpayments of up to £3000 only)


The information contained in this newsletter is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.
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