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Tax Update April 2023

The main points of this month’s Tax Update have been covered in our Spring Budget Summary published on 18th March – to visit this Blog – CLICK HERE…

There have been some other announcements of note in recent weeks:

CLICK HERE for ‘New VAT Penalties’

CLICK HERE for ‘Business Rate Relief Deadlines’

CLICK HERE for ‘HMRC Encourage ‘Digital by Default’ Tax Return Filing’

ON THE ACCOUNTING HORIZON

  • Wednesday 5th April – End of 2022/23 tax year – many tax planning actions need to have been done by this date.
  • Thursday 6th April – Start of the 2023/24 tax year.
  • Wednesday 19th April – PAYE & NIC deductions, and CIS return and tax, for month to 5/04/23 (due 22/04 if you pay electronically)
  • Monday 1st May – Corporation tax payment for year to 31/7/22 (unless quarterly instalments apply)
  • Friday 19th May – PAYE & NIC deductions, and CIS return and tax, for month to 5/05/23 (due 22/05 if you pay electronically)

Folkes Worton LLP Chartered Accountants
Focusing on your Tax Requirements – Accounting for the Future

Meet the Tax Team

Matthew Morris FCCA CTA
Tax Partner
Dan Simpson ACA
Chartered Accountant
Ellie Smith ATT
Tax
Jack Taylor
Accountant

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