Tax diary of main events (July)

2019 Dates What’s Due 1 July Corporation tax for year to 30/9/18 (unless pay quarterly) 5 July Last date for agreeing PAYE settlement agreements for 2018/19 employee benefits 5 July Deadline for agents and tenants to submit returns of rent paid to non-resident...

How to extract profit from the family company

The start of the new tax year means that shareholder/ directors may want to review the salary and dividend mix for 2019/20. The £3,000 employment allowance continues to be available to set against the employers’ national insurance contribution (NIC) liability...

Class 2 NICs to continue for self-employed

In 2016 the government consulted on a proposed abolition of Class 2 National Insurance contributions (NICs) for the self-employed. This flat rate contribution, currently £2.95 a week is payable by the self-employed in addition to Class 4 contributions based on the...