Budget 2013

Please see our link at the bottom of the home page for full details of this years' budget.

Payroll RTI Reporting – The Next Stage

Payroll RTI Reporting – The Next Stage

Following on from our December article you should now be giving thought to the next steps of RTI.

Submitting your Employer Alignment Submission (EAS)

The EAS is a one-off submission and the first submission that you will make under RTI.  It provides HMRC with a snapshot of your data and a benchmark of who is or has been employed by you in the current year.

When to Submit the EAS

You should submit your EAS any time after 6 April 2013 but before you process your first payroll of the year.  This is because the EAS must be the first submission you make under RTI.

What you need to do before submitting

• Check and cleanse your data as described in our blog of 12^th December 2012.
• Enter any new starters
• Include the details of any part time or casual workers who used to be covered by completion of forms P38A and P38S

If you have any questions please speak to Richard Shaw for more information on 01623 645705.

Tax/Deadline dates for March/April 2013

• 19 March 2013 - PAYE and NIC deductions due for month ended 5 March 2013. (If you pay your tax electronically the due date is 22 March 2013)
• 19 March 2013 - Filing deadline for the CIS300 monthly return for the month ended 5 March 2013.
• 19 March 2013 - CIS tax deducted for the month ended 5 March 2013 is payable by today.
• 20 March 2013 – BUDGET DAY.
• 29 March to 1 April 2013 – Easter Holiday.
• 31 March 2013 – 100% first year allowances for ‘Qualifying Low Emission Cars (QUALECS) which were to have expired on 31 March 2013 will now be extended to 31 March 2015. However, the qualifying emission level will, from 1 April 2013, be reduced from 110 g/km to 95 g/km and leased cars will no longer be eligible for first-year allowances
• 1 April 2013 - Due date for corporation tax due for the year ended 30 June 2012.  But the effective last day for payment was the last prior business day, Thursday 28 March, except where payment is made by internet or telephone banking.
• 7 April 2013 – VAT returns for the quarter (or month) ended 28 February 2013 should be filed online by today. The relevant tax should be paid electronically so as to reach HMRC by today.
• 19 April 2013 - PAYE and NIC deductions due for month ended 5 April 2013. (If you pay your tax electronically the due date is 22 April 2013)
• 19 April 2013 - Filing deadline for the CIS300 monthly return for the month ended 5 April 2013.
• 19 April 2013 - CIS tax deducted for the month ended 5 April 2013 is payable by today.

Employment rights – redundancy/unfair dismissal payments

From February 2013:-

The limit on the amount of the compensatory award for unfair dismissal has increased. The current maximum of £72,300 is to increase to £74,200 due to inflation.

The limit of a week’s pay which is used in calculating statutory redundancy pay (SRP) or compensation for unfair dismissal has risen from £430 to £450. We can advise on the number of weeks of SRP an employee is entitled to, depending on their length of service. Please contact us for more details.