skip to navigationskip to main content

July key tax dates

Newsletter issue – July 2023

5 -

  • Employers need to agree any PAYE Settlement Agreement (PSA) for 2022/23 with HMRC. This can now be achieved with an online application.
  • Letting agents acting for non-resident landlords must make return of the rents paid to landlords and tax deducted in 2022/23 (form NRLY). If no letting agent is acting the tenant must make the return.

6 -

  • Employers need to submit the report of expenses and benefits (P11D) and class 1A NIC due on those benefits (P11d (b)) online for 2022/23. There is no option to submit this information on paper.
  • Employers must supply their relevant employees with copies of the P11D information for 2022/23.
  • Employee share scheme annual returns need to be submitted through the ERS to report events in 2022/23.
  • Any employee share schemes put in place in 2022/23 must be registered by this date.
  • Where employee termination payments and benefits have been provided with a value of £30,000 or more for any one employee, or where non-cash benefits included in the package, a report must be submitted to HMRC.
  • Directors and employees who wish to 'make good' the cost benefits provided in 2022/23 to avoid being taxed on those items must do so by this date. This applies to the provision of: cars, vans, road-fuel, non-cash vouchers, accommodation, credit token and benefits treated as earnings.
  • Where a close company has provided beneficial loans to a director, the company must elect by this date for all loans to be treated as a single loan to calculate benefits in kind.

7 -

  • Where non-cash benefits have been provided in 2022/23 to retired employees under employer-financed retirement benefits scheme a return needs to be made to HMRC.

19 -

  • Non-electronic payment of Class 1A NIC for 2022/23 on benefits returned on a declaration of expenses and benefits (form P11D(b)) must reach HMRC by this date.

21 -

  • Payment of Class 1A NIC made by an approved electronic payment method must reach HMRC by this date.

31 -

  • The second payment on account of self-assessed income tax and Class 4 NIC for 2022/23 is due.
  • All tax credit claims for 2022/23 must be confirmed and renewed for 2023/24 if required.

Working with you

Whether you're starting from scratch or have been in business for years you'll benefit from working with Ashley James advice on how to take you to the next level.

fixed-quote-man.jpg

About us

We work closely with our clients and act for a broad range of business....

business-advice-couple.jpg

Get in touch

Simple way to contact us. Just fill in a simple form.

free-consultation-couple.jpg

Our services

Find out details about what we can do
for you.