05 May Business Tax Events
Posted at 12:58h
The following Tax Events are due on 19th May 2022:
PAYE, Student loan and CIS deductions are due for the month to 5th May 2022
This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.
Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.
Where the payment is made electronically the deadline for receipt of cleared payment is Friday 20th May 2022 unless you are able to arrange a ‘Faster Payment’ to clear on or by Sunday 22nd May 2022. Interest will be charged if payment is made late. Penalties also apply.
If you require further advice, please call SKEH Accountants Birmingham. We are Tax Accountants in Birmingham.
Find us in Caroline St, Jewellery Quarter Birmingham