19 Apr 2016
Postal monthly PAYE/NIC/student loan payment
If paying by cheque, HMRC must have received a cheque by this date. Pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
PAYE/NIC quarterly payment
Quarter 4 (2015/16) PAYE/NIC payment due where paid by cheque. The cheque must be with HMRC by this date in order to avoid automatic interest charge.
Construction Industry Scheme: monthly return due for period to 5th of month.
14 Apr 2016
EC sales list
Deadline for paper monthly or quarterly return filing.
Due date for income tax for the CT61 period to 31 March 2016.
07 Apr 2016
Corporation tax reduces from 20% to 19%.
Due date for February VAT returns unless exempted.
06 Apr 2016
Capital gains tax
Reductions in the two rates of capital gains tax from 28% to 20% and the 18% rate to 10%.
Wear and tear allowance
The 10% allowance is abolished.
New dividend taxation rules
Existing dividend taxation regime is replaced with new rates from 7.5% to 38.1%.
National living wage
This is introduced at an initial rate of £7.20.
Employment allowance increases from £2,000 to £3,000.
Rent-a-room relief increases from £4,250 to £7,500.
Dividend tax credit abolished and replaced with a £5,000 dividend tax allowance.
Personal allowance increases from £10,600 to £11,000.
Reduces from £1.25 million to £1 million.
Those who currently receive income from an annuity will have the right to assign the annuity in consideration for a lump sum or alternative retirement product.
Gift Aid small donations scheme (GASDS)
GASDS increases to £8,000.
£8,500 benefit threshold is removed.
Averaging of farm profits to be extended for income tax purposes from 2 to 5 years.