Posted in the Business Owner Category

Announcements

Company Accounts for Year Ending 30th June

If your year end is 30th June, the filing deadline for your company accounts is 31st March.

VAT for Quarter Ending 28th February (or 29th for a leap year)

If your last VAT quarter ends on 28th February (or 29th for a leap year) the filing deadline is 31st March and payment is due by 7th April.

March Payroll and RTI

File your monthly RTI reports for March payroll by 5th April and pay HMRC by 19th April.

Corporation Tax for Year Ending 30th June

If your year end is 30th June the deadline for payment of corporation tax is 1st April.

Declare your Covid-19 grants

The Covid-19 support grants (CJRS, SEISS and Eat Out to Help Out) are taxable and should be declared on your business' tax return. For corporation tax (CT) you must report amounts received in the accounting period covered by the return, not grants claimed for the period and paid in a later period.

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Trade slowing down

If your business is not making sales but you are still incurring costs, HMRC may refuse to repay the input VAT on purchases and ask you to cancel your VAT registration voluntarily as there are no business activities.

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