Year-End Tax Planning Calendar For Employers 2013

19 / 22 Apr 2013

Tax under PAYE and Class 1 NICs for the year ending 5 April 2013 must reach HMRC to avoid interest charges and a late payment penalty (the penalty could also apply to late paid CIS tax).

• Warning – the risk of a late payment penalty for PAYE/CIS repeats for each subsequent monthly remittance.
• Tip – the later date applies if you make your PAYE remittance electronically.

19 May 2013*

Forms P14 and P35 returns must be with HMRC

• Warning – HMRC can charge penalties for late returns or those containing errors.

31 May 2013

Employees must receive their P60.

• Warning – HMRC can charge penalties for late delivery.

6 Jul 2013*

Forms P9D, P11D and P11D(b) must be with HMRC.

Copy forms P9D/P11D must be given to employees.

• Warning – HMRC can charge penalties for late returns or those containing errors.
• Tip – a dispensation will greatly reduce your administrative burden and risk of errors in preparing forms P11D

Termination packages that exceed £30,000 (made up of either cash and benefits or benefits alone) must be reported to HMRC.

• Warning – HMRC is challenging tax-free treatment, particularly for payments in lieu of notice. Mistakes could be costly.

Transactions in employment related securities must be reported to HMRC on return forms 34, 35, 39, 40 and/or 42.

• Warning – HMRC will not issue returns automatically and then can charge penalties for late returns or those containing errors.

Deadline for obtaining a PAYE settlement agreement (PSA) for 2012/13 (or adding to the list of items covered).

• Tip – If you provide non-exempt 'hospitality' to your staff, a PSA is a useful alternative to reporting on forms P11D.

19 / 22 Jul 2013

Class 1A NICs must reach HMRC to avoid interest charges.

• Warning – if payment is delayed by more than 30 days a 5% late payment penalty may be imposed.
• Tip – the later date applies if you make your NIC remittance electronically.

19 Oct 2013*

Tax and NIC due on a PSA must be paid to HMRC to avoid interest charges.

• Warning – if payment is delayed by more than 30 days, a 5% late payment penalty may be imposed.