Admin Tax

Question 1

When should a trader register with HMRC for NIC and income tax purposes?

Answer 1

31 Jan following the end of the tax year in which trade commences

Question 2

Due date of class 1 NICs

Answer 2

19th each month
22nd each month if electronic
(Employers over 250 employees has to be electronic)
Can pay quarterly if average total PAYE <1500

Question 3

When is the due date of class 1A NICs?

Answer 3

19th July following tax year
22nd July if electronic following tax year

Question 4

How long must a person keep their tax record?

Answer 4

One year from 31 jan following that tax year

Question 5

When is paye payable?

Answer 5

Electronically 17 days at the end of each tax month

Question 6

When are p11d (report expenses for paye) forms due for submission?

Answer 6

6 July following the tax year

Question 7

Full income tax return should be submitted

Answer 7

The following 31 October is it is a paper return

Question 8

Can a tax payer appeal against an information and an inspection notice?

Answer 8

They can against an information notice but not an inspection notice