Tax reminder from Clay Shaw Butler

Tax reminder from Clay Shaw Butler, chartered accountants and business consultants, in Carmarthen - 

The following Tax Events are due March 2016:
Personal Tax Events
5% late payment penalty on any 2014/15 outstanding tax which was due on 31st January 2016 and still remains unpaid
What this means for you?
This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax, Class 4 NI, capital gains tax or High Income Child Benefit Charge liabilities.
The balance of any outstanding income tax, Class 4 National Insurance, capital gains tax and High Income Child Benefit Charge for the year ended 5th April 2015 was due for payment by 31st January 2016. Where the payment is made late interest will be charged. On 2 March 2016 a late payment penalty of 5% will be added to the outstanding liability.
If we have already dealt with this matter on your behalf you need take no action.

Clay Shaw Butler -
Telephone: 01267 228 50001267 228 500 | Email: info@clayshawbutler.com
Website: www.clayshawbutler.com

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