Welcome to the new tax year

I hope you all had a great Mothers Day and of course enjoyed the fantastic win by India over Sri Lanka in the Cricket World Cup Final on Saturday!

We now look forward to the start of the new tax year and of course the increased personal allowance which will put a little extra in most people’s salaries. Very soon the letters from HMRC will be dropping into people’s letterboxes reminding them to complete tax returns for the 2010/11 tax year, we are always happy to help here at Khushkam with any tax return queries you may have so would love to hear from you.

For all you employers out there do not forget that your P35s end of year returns are due by 19 May 2011 and any outstanding Tax and National Insurance due for 2010/11 is payable by 19 April 2011. End of year returns for any expenses and benefits provided to employees and directors (P11ds) are also due by 6 July 2011 with the relevant Class 1A National Insurance payable by 19 July 2011.

Please get in touch with any questions you may have on the above or indeed with anything else!