{"id":15964,"date":"2018-11-15T17:03:49","date_gmt":"2018-11-15T17:03:49","guid":{"rendered":"https:\/\/p-gfinancial.co.uk\/tax-administration\/"},"modified":"2018-11-15T17:03:54","modified_gmt":"2018-11-15T17:03:54","slug":"tax-administration","status":"publish","type":"post","link":"https:\/\/p-gfinancial.co.uk\/en\/tax-administration\/","title":{"rendered":"Tax Administration"},"content":{"rendered":"

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Tax tips<\/h2><\/div><\/div>[\/vc_column][\/vc_row][vc_row full_width=”stretch_row” equal_height=”yes” bg_type=”image” parallax_style=”vcpb-vz-jquery” bg_image_new=”id^15166|url^https:\/\/p-gfinancial.co.uk\/wp-content\/uploads\/revslider\/the7-corporate-copy1\/co-001.jpg|caption^null|alt^null|title^co-001.jpg|description^null” bg_image_repeat=”no-repeat” bg_img_attach=”fixed” bg_override=”ex-full” enable_overlay=”enable_overlay_value” overlay_color=”#e8e8e8″ overlay_pattern=”transperant” overlay_pattern_opacity=”25″][vc_column][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/4″]

Tax Administration<\/h3><\/div> <\/div> <\/div> [vc_single_image img_size=”full” image_hovers=”false”][\/vc_column][vc_column width=”3\/4″ css=”.vc_custom_1520451470355{padding-left: 10px !important;}”]
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July Tax Instalments - are you paying too much?<\/h3><\/div> <\/div> <\/div> [vc_column_text css=”.vc_custom_1520526333951{padding-left: 5% !important;}”]<\/p>\n

If your taxable income has reduced this current tax year 2010\/2011, compared to 2009\/2010, you may be able to make a claim to reduce your payments on account due 31 January and 31 July 2011. Please call and we will advise.<\/p>\n

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  • File your Self-Assessment return on time.<\/strong>\u00a0Don’t forget, fines are payable if you file your 2009\/2010 return after 31 January 2011 (Electronic filing), 31 October 2010 (Paper filing).<\/li>\n<\/ul>\n
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    • Pay your Self-Assessment tax on time<\/strong>\u00a0and save yourself automatic penalties and interest. If you are one month late the Inland Revenue will increase the tax due by 5%, a late payment penalty. Interest will run from the due date, 31 January or 31 July.<\/li>\n<\/ul>\n
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      • Plan your business profits for tax purposes.<\/strong>\u00a0Call and see us at least one or two months before your accounting year-end, with draft accounts, and we may save you many times the professional cost of the visit in reduced tax. Make sure that the agenda incudes a discussion about the timing of equipment purchases.<\/li>\n<\/ul>\n
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        • File your corporation tax returns on time,<\/strong>\u00a0<\/strong>Filing date is 12 months after the accounting year-end. Make sure that we have all the necessary information to file your return in good time.<\/li>\n
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        • File your tax return quickly<\/strong> if you have tax to pay. You will know well in advance how much to put by and when the payment is due.\n

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          • Elect to pay your PAYE and NIC quarterly <\/strong>rather than monthly if the monthly cheque is under \u00a31,500. This applies to periods beginning after 5 April 2000. Don’t forget to allow for the quarterly payment in your cash flow, otherwise the short term cash flow advantage may turn into a quarterly headache!<\/li>\n<\/ul>\n

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            \u00bfDo you want more information?<\/h2><\/div><\/div>