Our website uses cookies to enhance the visitor experience (what's a cookieCookies are small text files that are stored on your computer when you visit a website. They are mainly used as a way of improving the website functionalities or to provide more advanced statistical data.). Are you happy for us to use cookies during your visits?
Please note: continuing without making a choice equates to giving us your consent, which you can withdraw at any time via our cookies policy page.

1

Call us on 020 8424 9777

  • Start-up
  • Medium Business
  • Small Business
  • Large Business

July key tax dates

Newsletter issue – July 2023

5 -

  • Employers need to agree any PAYE Settlement Agreement (PSA) for 2022/23 with HMRC. This can now be achieved with an online application.
  • Letting agents acting for non-resident landlords must make return of the rents paid to landlords and tax deducted in 2022/23 (form NRLY). If no letting agent is acting the tenant must make the return.

6 -

  • Employers need to submit the report of expenses and benefits (P11D) and class 1A NIC due on those benefits (P11d (b)) online for 2022/23. There is no option to submit this information on paper.
  • Employers must supply their relevant employees with copies of the P11D information for 2022/23.
  • Employee share scheme annual returns need to be submitted through the ERS to report events in 2022/23.
  • Any employee share schemes put in place in 2022/23 must be registered by this date.
  • Where employee termination payments and benefits have been provided with a value of £30,000 or more for any one employee, or where non-cash benefits included in the package, a report must be submitted to HMRC.
  • Directors and employees who wish to 'make good' the cost benefits provided in 2022/23 to avoid being taxed on those items must do so by this date. This applies to the provision of: cars, vans, road-fuel, non-cash vouchers, accommodation, credit token and benefits treated as earnings.
  • Where a close company has provided beneficial loans to a director, the company must elect by this date for all loans to be treated as a single loan to calculate benefits in kind.

7 -

  • Where non-cash benefits have been provided in 2022/23 to retired employees under employer-financed retirement benefits scheme a return needs to be made to HMRC.

19 -

  • Non-electronic payment of Class 1A NIC for 2022/23 on benefits returned on a declaration of expenses and benefits (form P11D(b)) must reach HMRC by this date.

21 -

  • Payment of Class 1A NIC made by an approved electronic payment method must reach HMRC by this date.

31 -

  • The second payment on account of self-assessed income tax and Class 4 NIC for 2022/23 is due.
  • All tax credit claims for 2022/23 must be confirmed and renewed for 2023/24 if required.

 

Registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.