January 2017 Update

We would like to wish all of our clients and their families a very peaceful and prosperous New Year.

Tax Returns 2015/2016 

The deadline is fast approaching for your tax return and it must be submitted by 31 January 2017. If you have not already done so, please send all relevant information to us urgently, as you may be fined for late returns.  Don’t forget that you also have to pay any tax due by 31 January for the year 2015/2016, as well as any payment on account due for 2016/2017.  Late payments will also attract interest charges.

Let Property Campaign

HMRC are continuing to leave this campaign open and are encouraging landlords to come forward and tell them about any undeclared income from let property. If this affects you, contact us for expert help and guidance.

State Pension top up

Applications will close on 5 April 2017. The scheme is a way of increasing your State Pension income in exchange for a lump sum for those who reached State Pension age before 6 April 2016.  The scheme offers increased income of up to an additional £25 per week, which is guaranteed for life and index linked.  50-100% is also inheritable by a spouse or civil partner in most cases.  If you are interested in the top up scheme, please contact us to help you through the process.

Texting Scams

The last 18 months has shown significant increases in the use of SMS message for phishing scams. HMRC is working with UK mobile phone operators to pilot technical controls to limit these attacks.  However, you should report any suspected HMRC phishing attacks to phising@hmrc.gsi.gov.uk

Key Dates

 1st –  Corporation tax due for companies with year end accounting date of 31st March 2016

 7th –  Due date for VAT Return and payments for October period ends (electronic payments)

19th –  Pay any PAYE/NI due for the month ended December

21st –  EC Sales list deadline for on-line monthly return filing

31st –  Filing date for submission of corporation tax returns for year ends of 31st January 2016

31st –  Companies House filing date for year ends of 30th April 2016

31st –  Self Assessment and payment on account tax due.


About Roberts & Co.

Roberts & Co is an accountancy practice based in Hoddesdon, Hertfordshire.
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