February Newsletter

Welcome to the February edition of our monthly Newsletter. We hope that you find something of interest within our newsletter and of course feel free to forward this on to friends or colleagues who may also find the content of interest.

Payments on Account

If you are one of the many taxpayers who have recently paid your tax due for the year ended 5 April 2014, do you know which year you were actually paying for?


Late Filing Penalties

Many companies still fail to meet the nine month filing deadline for their accounts and are not aware of the deadline for filing their company’s Annual Return; which is not surprising when a company has four deadlines to meet.


Tax Planning in Agriculture

There are now less than two months to go until the end of the 2014-15 tax year, and businesses should plan carefully to utilise annual tax allowances and reliefs to their maximum.


Paying HMRC

A question we get asked quite regularly is “How do I pay HMRC?” - we run through a summary of the key ways of paying HMRC for Corporation Tax, VAT and Personal Tax.


Important Dates

19/22 Feb - PAYE/NIC, student loan and CIS deductions due for month to 5/2/2015

28 Feb - Talk to us about year end and pre-budget planning
- First 5% penalty surcharge on any 2013/14 outstanding tax due on 31 January 2015 still unpaid


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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