Tax Diary June/July 2022
1 June 2022 – Due date for corporation tax due for the year ended 31 August 2021.
19 June 2022 – PAYE and NIC deductions due for month ended 5 June 2022. (If you pay your tax electronically the due date is 22 June 2022).
19 June 2022 – Filing deadline for the CIS300 monthly return for the month ended 5 June 2022.
19 June 2022 – CIS tax deducted for the month ended 5 June 2022 is payable by today.
1 July 2022 – Due date for corporation tax due for the year ended 30 September 2021.
6 July
Corporation Tax – reminder HMRC contact details
HMRC can be called by phone on 0300 200 3410 for help with general Corporation Tax enquiries. You will need your 10-digit Unique Tax Reference (UTR) when calling HMRC and this reference number cannot be provided over the phone.
The UTR is the primary identifier for a company and should be used whenever HMRC is contacted. The number can be found on all letters from HMRC and also in HMRC’s business tax account portal – if the company has registered for online tax services and attached the UTR to
Intrastat – trading goods with EU
Intrastat declarations were historically used to collect information on the movement of goods from the UK to other EU countries and vice versa. Any business that exceeded the exemption threshold for either arrivals or dispatches of goods were obliged to submit monthly returns.
This changed following Brexit and there were further changes from 1 January 2022. Since 1 January 2022, Intrastat declarations only apply for movements of goods between Northern Ireland and the EU.
There is no
VAT – discounts and free gifts
When you issue an invoice to your customer, you must ensure that you charge the correct rate of VAT. Whilst most businesses in the UK charge VAT at the standard rate of 20% there are a number of different VAT rates and exemptions that you should be aware of.
In the UK, there are three separate VAT rates, the standard rate @ 20%, the reduced rate @ 5% and the zero rate @ 0%.
There are special rules when charging VAT where there are discounts or free gifts. The rules are complex, but we have
Free company information
There is a significant amount of information about companies that can be obtained from Companies House. Companies House is responsible for incorporating and dissolving limited companies, examining and storing company information and making company information available to the public.
Much of this information is available at no cost. This is in line with the government’s commitment to free data and means that all publicly available digital data held on the UK register of companies is accessible
UK Infrastructure Bank set-up
The UK Infrastructure Bank Bill, announced as part of the measures in the Queen’s speech, represents the final step in setting up the UK Infrastructure Bank as an operationally independent institution. The new Bank officially opened for business in June 2021 but the Bill will remove legal obstacles so the Bank can lend directly to local authorities and the Northern Ireland Executive for infrastructure projects.
The Bank, headquartered in Leeds, is tasked with accelerating investment into