Posted by admin - August 5, 2016 8:16 am
Deadlines for registering with tax authorities
There are deadlines to be aware of when registering for certain taxes with HMRC:
Self Assessment
Deadline: by 5 October following the end of the tax year. The tax year ends on 5 April each year.
VAT
Returns can be made either voluntary or compulsory. To ensure you do not miss registering under compulsory rules you should ensure that you are aware of the compulsory requirements. Your local MFW office will be more than happy to discuss this and review this with you.
PAYE
As an employer it is recommended that you allow at least 2 weeks prior to the first pay date and you are not able to register more than 2 months before the expected first pay date.
Construction Industry Scheme (CIS)
As a subcontractor – it is recommended that you do this at the earliest opportunity otherwise you may find that you are taxed at the higher rate (30%) rather than 20% or even 0%.
Useful links to registering for the above services are listed below.
- Self assessment/complete a tax return
- VAT
- Partnership registration
- CIS as contractor, you have to register as a new employer. Register here
- CIS as a subcontractor visit
Alternatively, speak to your local McCabe Ford Williams office and we will be able to assist you.
We have offices conveniently located across Kent in Ashford, Cranbrook, Dover, Herne Bay, Maidstone and Sittingbourne.
