Critical filing deadlines July 2010

Apart from the requirement to keep up-to-date with PAYE, Self Assessment, Corporation Tax and VAT filing and payment, there are two deadlines exclusive to the month of July. They are:

  1. Tax Credits - If it is likely that you are going to be eligible for Tax Credits in 2010-11 you must have your application filed by the 6 July 2010 to qualify for a complete year. If you have missed the deadline all is not lost. You can file an application after this date, but you will lose some of the benefits to which you may have been entitled. The reason for the loss of benefits is the rule that applications can only be backdated for 3 months. If you have missed the deadline file your application asap.

  2. P11Ds - You should have completed and filed these returns by 6 July 2010 and be sure to pay any Class 1A National Insurance Contributions due on benefits declared by 19 July 2010.

A summarised list of payment and filing deadlines for July and August are set out in the Tax Diary below.