Welcome to the Glazers May Newswire
Welcome to the Glazers May Newswire, which has a brand new design this month, bringing you, as ever, the latest tax and business update. We hope you find these articles of interest and remember that they can also be viewed from the scrolling news box on the home page of our website www.glazers.co.uk |
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In this Edition...
- Glazers Web Site Gets a Makeover
- 2010-11 Pocket Tax Tables
- Key Dates
- National Minimum Wage Rates
- Penalty Guidance on Late Payment of PAYE
- Furnished Holiday Letting Reprieve
- P11D Deadline Looming
- VAT and Royal Mail Postage
- Online Submission of Employers' Forms
- Business & Tax News
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Glazers Web Site Gets a Makeover
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As you click on the links in this month's Newswire, you might notice that it's not just the Newswire pages that look a little different. We thought it was also time to freshen up the ever-popular Glazers website.
All the popular features are still there, such as the easy navigation around the site, the quick links and the handy online tools such as the tax and business calendar, the table of tax-deductible expenses, our business start-up guide, and many more.
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We've also added a new Resource Centre within the Online Tools section, giving you even more useful articles and business fact sheets. You can find these by clicking here.
To view our new home page, and explore our site generally, click here.
We welcome feedback, and suggestions are always appreciated, so if there are any ideas you'd like to share with us, or just tell us what you think of the new site, please click here.
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2010-11 Pocket Tax Tables
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The Glazers 2010-11 Pocket Tax Tables are now available, free on request. If you would like one or more copies, please click here and let us know how many you would like us to send to you.
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Key Dates
Here are some key dates coming up for end-of-year payroll returns.
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19 May 2010 - PAYE and NIC due for the month ended 5th May 2010. Final submission date for employers' year end returns (forms P35 and P14) for the year ended 5th April 2010. Submit Construction Industry Scheme return for the month ended 5th May 2010.
31 May 2010 - Employers to provide employees with forms P60 (year end summaries) for the year ended 5th April 2010.
19 June 2010 - PAYE and NIC due for the month ended 5th June 2010. Submit Construction Industry Scheme return for the month ended 5th June 2010. |
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National Minimum Wage Rates
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From October 2010, National Minimum Wage rates will increase from
- £5.80 to £5.93 an hour for workers aged 21 and over
- £4.83 to £4.92 an hour for workers aged 18 to 20
- £3.57 to £3.64 an hour for workers aged 16 to 17.
Click here to view article. |
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Penalty Guidance on Late Payment of PAYE
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HMRC have been warning employers for some time that they may have to pay a penalty if they do not pay their PAYE deductions on time. They have now issued more detailed guidance on the way in which the penalties will work.
Click here to view article. |
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Furnished Holiday Letting Reprieve
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The favourable tax regime for Furnished Holiday Lettings accommodation was due to be repealed from 6 April 2010. This proposal was dropped from the Finance Bill but what happens next depends on the outcome of the General Election.
Click here to view article. |
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P11D Deadline Looming
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The forms P11D, and where appropriate P9D, which report employees' and directors' benefits and expenses for the year ended 5 April 2010, are due for submission to HMRC by 6 July 2010. The process of gathering the necessary information can take some time, so it is important that this process is not left till the last minute.
Click here to view article. |
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VAT and Royal Mail Postage
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Some types of postal services offered by the Royal Mail will be subject to VAT from 31 January 2011.
Click here to view article. |
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Online Submission of Employers' Forms
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The employer’s annual returns P35 and P14 (P60) are due for submission to HMRC by 19 May 2010. Broadly all employers must submit their forms online this year. Previously those employers with less than 50 employees could file paper forms.
Click here to view article. |
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Business & Tax News
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