October Newsletter

Welcome to the first edition of our new monthly newsletter. With this newsletter we aim to bring you important and informative articles on topics which affect you and your business.

If you'd like further information on anything you read here, please don't hesitate to get in touch.

Child Benefit and Self Assessment

If you earn over £50,000 and you or your partner receive child benefit you may need to register for Self Assessment in order to declare this, but you only have until 5th October 2013 to do so.

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Company Car Benefit Charges

Once a favourite ‘perk’ the company car has been the focus of stricter and stricter tax rules over the past few years – and they stand to get even tighter in the future.

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Benefits of an External Audit

With the increasing trend in recent years to move small companies away from the regulatory need to undergo a statutory audit, it is still worthwhile considering the benefits an audit can bring to an organisation.

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VAT – Provision of Storage Facilities

HMRC have recently highlighted a change in the VAT treatment of the provision of storage facilities that took place on 1st October 2012. Are using the correct VAT treatment?

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Gift Aid Online

HMRC are writing to all charities who have made gift aid claims in the past 3 years encouraging  them to sign up for the HMRC Charities Online service.  Alows for them to makeclaims for gift aid online rather than via traditional paper forms.

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Important Dates

  • 5 October – deadline for registering for self assessment for 2012/13 tax year
  • 14 October - Return and payment of CT61 tax due for quarter to 30 September 2012
  • 22 October – Deadline for payment of PAYE Settlement Liabilities for year ended 5 April 2013 (19 October for non electronic payments)
  • 22 October – PAYE/NIC, and CIS deductions due for month to 5/10/2013
  • 31 October – Deadline for filing paper self assessment tax return

Disclaimer

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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