Here you can find a useful list of the most important deadlines for all the kinds of submission your small business has to do, ordered by date. Tax returns, applications for dispensation etc.: everything is here. Do not hesitate to contact us if you need assistance.

June 19, 2013

• monthly returns to be submitted by businesses falling under Construction Industry Scheme (CIS)

• payments by CIS businesses if made in a non-electronic form

• monthly payment of PAYE/Class 1 NICs if made in a non-electronic form

June 22, 2013

• online payments to be made by CIS businesses

• monthly payment of PAYE/Class 1 NICs by approved electronic methods

July 5, 2013

• end of tax quarter and last date for agreeing your PAYE Settlement Agreement (if any) for tax year ended 5 April 2013.

July 6, 2013

• last date for:
  • expenses and benefits annual return forms P9D, P11D and P11D(b) to reach HMRC.
  • employers to give a copy of forms P9D and P11D to relevant employees.
  • form 42 or other related forms (to report share-related benefits provided to employees) to reach HMRC.

July 19, 2013

• monthly returns to be submitted by businesses falling under Construction Industry Scheme (CIS)

• payments by CIS businesses if made in a non-electronic form

• last date for any outstanding Class 1A NICs payments for tax year ended 5 April 2012 if made in a non-electronic form

July 22, 2013

• online payments to be made by CIS businesses

• last date for any outstanding Class 1A NICs payments for tax year ended 5 April 2012 by approved electronic payment methods

July 31, 2013

• deadline for second Self Assessment payment on account for tax year ended 5 April 2013.

Please bear in mind that all costs you pay for the purpose of earning business profits are allowable expenses. Below you can find a list of costs which you can deduct

1. Accountants, solicitors, surveyors, architects and other professional indemnity insurance premiums.

• exclusive of legal costs of buying property and large items of equipment; costs of settling tax disputes and fines for breaking the law

2. Advertising in newspapers, directories etc. mailshots, free samples, website costs.

• exclusive of entertaining clients, suppliers and customers; hospitality at events.

3. Bank, overdraft and credit card charges; hire purchase interest and leasing payments. Alternative finance payments.

• exclusive of repayment of the loans or overdrafts or finance arrangements.

4. Car and van insurance, repairs, servicing, fuel, parking, hire charges, vehicle licence fees, AA/RAC membership; train, bus, air and taxi fares; hotel room costs and meals on overnight business trips.

• exclusive of non-business motoring costs (private use proportions); fines; costs of buying vehicles; travel costs between home and business; other meals.

5. Phone, mobile, internet, email and fax running costs; postage, stationery, printing and small office equipment costs; computer software.

• exclusive of non-business or private use proportion of expenses; new phone, fax, computer hardware or other equipment costs.

6. Construction industry subcontractors payments (before taking off any tax).

• exclusive of payments for non-business work.

7. Cost of goods bought for resale, cost of raw materials used, direct cost of producing goods.

• exclusive of cost of goods or materials bought for private use; depreciation of equipment.

8. Costs of any business specific insurance policy.

• exclusive of recoverable

9. Interest on bank and other business loans. Alternative finance payments.

• exclusive of repayment of the loans or overdrafts, or finance arrangements.

10. Amounts included in turnover but unpaid and written off because they will not be recovered.

• exclusive of debts not included in turnover; debts relating to fixed assets; general bad debts.

11. Trade or professional journals and subscriptions; other sundry business running expenses not included elsewhere.

• exclusive of payments to clubs, charities, political parties etc.; non-business part of any expenses; cost of ordinary clothing.

12. Rent for business premises, business and water rates, light, heat, power, property insurance, security; use of home as office (business proportion only).

• exclusive of costs of any non-business part of premises; costs of buying business premises.

13. Repairs and maintenance of business premises and equipment; renewals of small tools and items of equipment.

• exclusive of repairs of non-business parts of premises or equipment; costs of improving or altering premises and equipment.

14. Salaries, wages, bonuses, pensions, benefits for staff or employees; agency fees, subcontract labour costs; employers’ NICs etc.

• exclusive of own wages and drawings, pension payments or NICs; payments for non-business work.

Sources:

Expenses and allowances for the self-employed – what you need to know

Becoming self employed guide