New Advisory Fuel Rates (AFR) for company car users apply from today. The rates can be found by visiting https://www.gov.uk/government/publications/advisory-fuel-rates
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 Friday 21st June 2019 unless you are able to arrange a ‘Faster Payment’ to clear on or by Saturday 22nd June.
Penalties apply if payment is made late.
This deadline is relevant to businesses that file monthly VAT returns. These businesses will be required to file their VAT return for the first time under the new Making Tax Digital (MTD) for VAT rules.
Businesses are required to submit their monthly VAT returns using MTD functional compatible software.
VAT payment also needs to reach HMRC by this date, unless payment is made by direct debit in which case payment is due by 10th June 2019.
Penalties – default surcharge will continue to apply on late payment or late submission of VAT returns.
Deferrals – A small number of VAT registered businesses with more complex requirements have been deferred until 1st October 2019. Businesses who fall into one of the following categories: ‘trusts, ‘not for profit’ organisations that are not set up as a company, VAT divisions, VAT groups, those public sector entities required to provide additional information on their VAT return (Government departments, NHS Trusts), local authorities, public corporations, traders based overseas, those required to make payments on account and annual accounting scheme users’ have been deferred.
If we complete the VAT return on your behalf, you need take no action.