April 2010 – The Beginning of a New Tax Year - By: Gen Federico

April 2010 brings another new tax year; which means several dates are approaching that many payroll services will need to be aware of. So be sure to add these important dates into your diary if you’re involved in the payroll services of a company.

April 5th – this is the last tax day of this tax year meaning all National Insurance Contribution, Tax Payments and so on end on this day. Any outstanding Tax Payments and National Insurance Contributions need to be sought out and paid into the Accounts Office before April 19th (April 22nd if paying them electronically).

April 6th – the first day in the next tax year calendar; therefore a time to get everything under a fresh start and organising things that maybe weren’t as organised in the last month.

April 15th – should see all P11D(b)s (the return of Class 1A National Insurance Contribution) issued.

April 19th – important deadline! If you pay tax monthly or quarterly this day sees the deadline of your tax payments to the Accounts Office. Any outstanding payments should be made ideally before this closing date.

April 22nd – important deadline! If you pay your tax monthly or quarterly electronically then today sees the deadline for your outstanding Tax or National Insurance Contributions. They should be cleared into the HMRC bank account by this date, so should be made at least a few days previously. If you are paying through the BACs method, these should have been made before April 20th.

As you can see this month alone sees several important dates in the payroll calendar, and it can often be a confusing and stressful time. Therefore, opting to outsource your payroll to a payroll company who will sort out all of this for you means a lot less hassle and stress for you and your company.

About the Author

The Article is written by dataplanpayroll.co.uk/ providing payroll services and payroll company Services. Visit http://www.dataplanpayroll.co.uk/ for more information on dataplanpayroll.co.uk/Products & Services. Visit dataplanpayroll.co.uk/ for more services!

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