Expired deadlines

19 Apr 2008

  • PAYE/NIC quarterly payments due

    Quarter 4 payment due where paid by cheque.

14 Apr 2008

  • CT61 date

    Due date for income tax for the CT61 period to 31 March 2008

07 Apr 2008

  • VAT Return Due

    Due date for Feb VAT returns (electronic payments)

06 Apr 2008

  • Capital allowances

    Unincorporated Businesses: First year allowance for capital allowances replaced by a new £50,000 annual investment allowance. Writing down allowances for plant and machinery reduced from 25% to 20% (subject to transitional rules). Integral fixtures (equipment attached to buildings) - allowance rate of 10%. Changes in car writing down allowance - these will take into account car emissions. Please contact us for advice on your entitlement to claim capital allowances. (1st for businesses paying corporation tax and 6th for those paying income tax on business profits)

  • Non-residents

    Non resident individuals counted as present in the UK on days of arrival and departure

  • Non-residential UK tax charge

    New tax charge of £30,000 per annum on UK residents paying tax on the remittance basis and certain non-resident individuals

  • Inheritance tax threshold increase

    The inheritance tax threshold increases to £312,000

  • Company car taxation

    Fuel benefit multiplier increases from £14,400 to £16,900

  • 2009/10 tax year

    First day of 2008/09 tax year

  • VAT: Capital Goods

    Capital gains tax reduces to 18% for non-corporate gains

05 Apr 2008

  • 2008/09 ISA allowance deadline

    Last day to use the 2007/08 ISA investment limit of £7,000

  • Inheritance tax exemption

    Last day to utilise 2007/08 inheritance tax exemptions

  • Capital gains tax exemption

    Last day to use the 2007/08 capital gains tax exemption of £9,200

  • Capital gains tax

    Taper relief for business and non business assets is withdrawn as also is indexation allowance

  • 2008/09 tax year end

    Last day of 2007/08 tax year

01 Apr 2008

  • Corporation tax payment

    Due date for payment of Corporation Tax for period ended 30 June 2007, for those companies not liable to pay their liability by installments.

  • Capital allowances

    Limited Companies: First year allowance for capital allowances replaced by a new £50,000 annual investment allowance. Writing down allowances for plant and machinery reduced from 25% to 20% (subject to transitional rules). Integral fixtures (equipment attached to buildings) - allowance rate of 10%. Changes in car writing down allowance - these will take into account car emissions. Please contact us for advice on your entitlement to claim capital allowances. (1st for businesses paying corporation tax and 6th for those paying income tax on business profits)

31 Mar 2008

  • Company accounts filing deadline

    Filing deadline at Companies House (Northern Ireland: Companies Registry) of accounts for private companies with a year ended 31 May 2007

  • End of corporation tax year

    End of Corporation Tax financial year

  • CT61 date

    End of CT61 quarterly period