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Dates and deadlines for June 2013
1 June: Corporation tax payment for a company not within the instalment regulations: year ending 31 August 2012
5 June: End of month 2 for PAYE, all RTI submissions due if taking advantage of concession.
7 June: Online VAT return due to be filed and electronic payment of VAT due to be cleared into HMRC bank: quarter ended 30 April 2013
12 June: Direct debit VAT payment will be taken: quarter ended 30 April 2013
19 June: CIS monthly return deadline: month ended 5 June 2013
19 June: Cheque payments for PAYE/NI, student loan and CIS to be cleared into HMRC bank: month ended 5 June 2013
21 June (22nd is a sat): Electronic PAYE/NI etc payments to be cleared into HMRC bank: month ended 5 June 2013
30 June: Company tax return CT600 due to HMRC: years ending 30 June 2012
30 June: Company accounts (Private Limited Co) due to be filed: years ending 30 September 2012
30 June: Company accounts (Public Companies) due to be filed: years ending 31 December 2012
1 July 2013: Corporation tax payment for company not within the instalment regulations: years ending 30 September 2012
6 July 2013: P11ds and P11d(b) due for submission to HMRC by this date: tax year 2012-2013
Revised advisory fuel rates 1 June 2013
H.M. Revenue and Customs (HMRC) have published the latest advisory fuel rates relating to mileage payments for business travel in company cars. These are as follows:
| Engine size | Petrol | LPG |
| 1400cc or less | 15p | 10p |
| 1401cc to 2000cc | 17p | 12p |
| Over 2000cc | 25p | 18p |
| Engine size | Diesel |
| 1600cc or less | 12p |
| 1601cc to 2000cc | 14p |
| Over 2000cc | 18p |
The changes this quarter are highlighted in red above. These are the reduction of 1p for petrol engines of 1401cc to 2000cc and over 2000cc, and a reduction of 1p per mile for diesel engines of 1600cc or less and 1601cc to 2000cc. There are no changes to the LPG rates.
The new rates will be effective from 1 June 2013. However for the first month employers may continue to use the previously published rates if they choose to.
These rates will be reviewed again in August 2013 and any changes made will be effective from 1 September 2013. The revised fuel rates will be published on the fuel rates page on the HMRC website when they are released.
Advisory fuel rates can be used to calculate the following:
- Reimbursement to employees of fuel used for business travel in a company car
- Repayment by employees of fuel used for personal travel in a company car
- Allowable input VAT on business mileage claims
A more detailed explanation of the use of these rates is on the HMRC website.
The rates applying for earlier periods are also on the HMRC website.
If you have any questions regarding the use of advisory fuel rates or mileage payments please contact us.
Phishing emails increase in the tax credit renewal season
HMRC are warning of an increase in phishing emails in the run up to the tax credit renewals deadline. Phishing emails usually promise money back and ask you to click a link which takes you to a replica website. Credit or debit card details are requested together with other personal and sensitive data.
This can often lead to identity theft and / or money taken from bank accounts.
HMRC have confirmed that they will never ask you to disclose personal or payment details by email. Suspect emails should be forwarded to phishing@hmrc.gsi.gov.uk and then deleted.
If you believe you may have acted upon this type of email, then you should report the matter to your bank or credit card issuer as soon as possible.
HMRC have provided a list of the emails and messages that may be sent out on the website and so if you are unsure, then check this list first. You can also contact us.
Renewing your tax credit claim
Tax credit claimants are asked to renew tax credits claims once a year.
By the 28 June, everyone who makes a claim for tax credits should receive a tax credit renewal pack. It is important to renew your claim to ensure that you have been paid and continue to be paid the correct amount.
What will I receive in my renewal pack?
This will depend upon your own circumstances, but you will receive either just an Annual Review Notice or the Annual Review Notice plus an Annual Declaration form.
If you are expecting a pack and have not received one by 28 June, then you should contact the tax credit helpline.
How do I renew my tax credit claim?
If you have received a pack which contains just an Annual Review Notice, your claim will be renewed automatically but you do need to make sure that you contact the tax credit office if you have had any changes in circumstances, your income is different to what’s shown in the notice, or there are mistakes or missing details.
If your pack also contains the Annual Declaration form then you will need to renew your claim. This can be done by completing that form and returning it, or by calling the tax credit helpline. A claim cannot be renewed online.
What is the tax credit renewal deadline?
The renewal deadline is normally 31 July, but your pack will state an alternative date if this does not apply to you. The sooner you renew, the sooner the tax office can make sure you have and are receiving the right amount of money.
As part of the renewal process you will need to provide the amount of your total income. This is often where we get involved and if you need assistance with the calculation of this then please contact us.
Charities Online – Gift Aid and tax repayments
HMRC have made available a new online service from 22 April 2013 for Charities and Community Amateur Sports Clubs (CASCs) to make Gift Aid tax repayment claims electronically.
The new service has built-in checks to prevent mistakes and should be faster to process the repayment. When you submit a claim successfully online you will get an on-screen confirmation reference number and you will also receive separate confirmation when the payment is made into your bank account.
Changes have also been made to the rules for sponsored events and aggregating donations. More information can be obtained from HMRC where you will also find the link to register for Charities Online and a demonstrator.
If you require further help please contact us
Companies that have CIS deductions on their own income and claiming repayments
There are companies (Limited) that do not hold the gross payment certificate within the Construction Industry Scheme (CIS) who have CIS deductions of tax from their own income.
These deductions can be set off against their own PAYE/NI liabilities as an employer and due to be paid to HMRC each month. The PAYE/NIC liabilities would also include CIS tax that they deduct from payments to their own subcontractors.
If the company’s own deductions cannot be set off against PAYE/NIC liabilities or there is an excess being carried forward then the amount will need to be reclaimed at the end of the tax year.
For 2012/13 the claim should be made as soon as the Employer’s year end return form P35 has been submitted or for RTI Pilot employer’s the submission of the final Employer Payment Summary (EPS -see below for RTI effects on CIS) and the P11d(b) if you pay benefits to employees. A separate claim must be made for repayment as the P35 or EPS alone are not a claim for repayment. The claim can be made to the following address.
PAYE Employer Office Room BP4009 Benton Park View Newcastle Upon Tyne NE98 1ZZIt is possible for the repayment to be set off against other tax liabilities such as corporation tax but the company would need to make a separate request to HMRC. The CIS deductions cannot be claimed on the company’s Corporation Tax Return (CT 600). Please refer to CIS repayment claims for full details on repayment claims to HMRC.
With the introduction of PAYE Real Time Information (RTI) on the 6 April 2013 there are changes that CIS employers need to be aware of specifically relating to CIS deductions from their income.
The regulations concerning monthly contractor returns (CIS 300) will remain unchanged.
After 6 April 2013 where a limited company employer has CIS deductions taken from their own income then the company will need to make an Employer Payment Submission (EPS) showing these deductions taken from the tax year to date in order to subtract (or set off) from the amount of PAYE/NIC/CIS charge due to be paid to HMRC for the month.
Where the company own CIS deductions exceed their monthly PAYE/CIS liabilities then the excess will be carried forward to the next month and if they continue to exceed the monthly PAYE/CIS liabilities the excess will be carried forward until the end of the tax year.
As mentioned above the company will not be able to claim a repayment until the final EPS has been submitted for the tax year (due by 19 April each year where payments to employees are made in the period 6 March to 5 April). The company tax year for CIS deductions would need to have ended and the company will need to have paid all amounts due to HMRC for the tax year in their capacity as employer/contractor.
The full details of changes for RTIand CIS scheme can be found at HMRC website RTI main changes and effects on the Construction Industry Scheme
Please contact us if you require any further advice or assistance on these matters
Dates and deadlines: May 2013
1 May: Corporation tax payment for a company not within the instalment regulations: year ending 31 July 2012
2 May: Submission of form P46(car) for changes in quarter ended 5 April 2013
5 May: End of month 1 for PAYE, all RTI submissions due if taking advantage of concession.
7 May: Online VAT return due to be filed and electronic payment of VAT due to be cleared into HMRC bank: quarter ended 31 March 2013
10 May: Direct debit VAT payment will be taken: quarter ended 31 March 2013
19 May: Employer annual return P35 for year ended 5 April 2013 should be submitted by this date
19 May: CIS monthly return deadline: month ended 5 May 2013
19 May: Cheque payments for PAYE/NI, student loan and CIS to be cleared into HMRC bank: month ended 5 May 2013
22 May: Electronic PAYE/NI etc payments to be cleared into HMRC bank: month ended 5 May 2013
31 May: Provide all employees who were working for you at 5 April form P60 for 2012/13 by this date
31 May: Company tax return CT600 due to HMRC: years ending 31 May 2012
31 May: Company accounts (Private Limited Co) due to be filed: years ending 31 August 2012
31 May: Company accounts (Public Companies) due to be filed: years ending 30 November 2012
1 June 2013: Corporation tax payment for company not within the instalment regulations: years ending 31 August 2012
