Budget 2008

Key Filing Dates - Budget 2008 - GT

Key Filing Dates

Income Tax and Capital Gains Tax
Self assessment tax returns for 2007/2008 onwards
Non-electronic returns – 31 October followingen of year of assessment*
Electronic returns – 31 January followingen of year of assessment†

Inheritance Tax

  • Chargeable lifetime transfer:
    • later of 12 months after en of month of transfer an 3 months after person becomes liable to tax.
  • Transfers on eath:
    • later of 12 months after en of month of eath or 3 months after personal representatives first act or believe an account is require .
  • Potentially exempt transfers that have become chargeable:
    • 12 months after en of month of eath of transferor.

Corporation Tax

  • All companies:
    • 12 months after en of accounting period.

Value Added Tax

  • 1 month‡ after end of return period, or 2 months for annual returns.

Stamp Duty Land Tax

• 30 days from effective date of land transaction.

Employment Taxes

  • Forms P35 and P14 to HM Revenue & Customs:
    • 19 day following end of tax year§.
  • Forms P60 to employees:
    • 30 day following end of tax year¶.
  • Forms P9D/P11D to H Revenue & Customs and copies to employees:
    • 6 July following end of tax year.
  • Return of class 1A NICs:
    • 6 July following end of tax year§.
  • Employment related securities form 42:
    • 6 July following end of tax year.

* If notice given after 31 July following end of year of assessment but before 1 November, 3 months from issue of notice.
† If notice given after 31 July following end of year of assessment but before 1 November, 31 January following end of year of assessment.
‡ 7 day extension may apply where payments made by electronic means.
§ Penalties apply automatically.
¶ For employees in that employment at 5 April in tax year.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>