2010 P11D Season
Tue, 11 May 2010 06:52:00
|
|
It’s now time for employers to prepare the returns of benefits and expenses, forms P11D and P11D (b) for the tax year ended 5 April 2010. The forms are required for directors or employees who are provided with benefits or for whom you pay or reimburse expenses. To avoid late filing penalties the deadline for filing the P11D and P11D (b) with HMRC is 6 July 2010. The penalties associated with these returns can be severe, for example late filing penalties of up to £300 per P11D, plus £60 per day for continued failure. The Class 1a National Insurance liability is due for payment by 19th July 2010 and late payment will incur interest charges. In addition employees must be provided with a copy of their P11D by 6 July 2010. If you would like any assistance with the preparation and submission of these forms why don’t you call Marshall Smalley and we’ll help you if we can.  |
Subscribe to this feed
27 August 2010 08:21
As of this year, travellers are permitted to bring back VAT and duty free goods to the value of £390. This is a modest increase on the £340 limit in place but is a significant increase from the £145 limit that prevailed for many years prior to December 2008.br
Read More
06 August 2010 10:28
The national minimum wage rates will increase for pay reference periods starting on or after 1st October 2010 onwards.Main rate for workers 21 years old and above £5.93 per hourRate for workers aged 18-20 years inclusive £4.92 per hourRate for workers under 18 years and
Read More
04 August 2010 09:54
Marshall Smalley Accountants are specialists in dealing with HMR&C tax investigations. We are based in Nottingham but work thoughout the East Midlands and Nationally. We will work with you and negotiate with HMR&C for the best possible outcome.Contact the tax investigaion specialists on 0115 9565171img
Read More
04 August 2010 09:38
The rules changed in April 2010, from now on you will have to submit your VAT returns online and pay any VAT due electronically if you have an annual turnover of £100,000 or more (exclusive of VAT).If you have registered for vat on or after 1 April
Read More