HMRC have announced that they are looking for suitable businesses to sign up for the pilot testing of the new system of digital reporting of VAT information. Turkeys voting for Christmas springs to mind?
After a period of testing the new system is scheduled to go live in April 2019 for VAT registered businesses with turnover in excess of the £85,000 VAT registration threshold.
Diary of main tax events March/April 2018
| Date | What’s Due |
|
1/03 |
Corporation tax payment for the year to 31/5/17 (unless quarterly instalments apply) |
|
19/03 |
PAYE & NIC deductions and CIS return and tax, for a month to 5/03/18 (due 22/03 if you pay electronically) |
| 1/04 | Corporation tax payment for the year to 30/6/17 (unless quarterly instalments apply) |
| 5/04 | End of 2017/18 Tax Year. 2018/19 tax year starts 6 April 2018 |
| 19/4 | PAYE & NIC deductions and CIS return and tax, for a month to 5/04/18 (due 22/04 if you pay electronically) |