The tax agenda for September 2012

Tax returns and payments

The autumn season is rapidly approaching and companies and their advisers begin to consider the need to make the September quarterly instalment payment (14 September) followed shortly thereafter for companies with a 31 December year end by the final payment (1 October). Late payment and overpayment of tax carries interest and the differential in the interest rates between the quarterly instalment regime and the final payment should be noted.

The March 2012 Budget announced changes to corporation tax rates and allowances which affect returns with accounting periods ending on or after 1 April 2012.

While the filing dates for such periods are 1 April 2013 or later it may prove advantageous ...