We are now three months into the new tax year so for those of you who pay their payroll liabilities quarterly, you will need to pay these by 22nd July 2014.

In addition, for all those of you who are self-employed, please remember that your second payment on account is due to be paid by 31 July 2014.

From today, 1 July 2014, all ISAs will become New ISAs, and we have a new annual NISA limited of £15,000 and you can split this limit in any way you choose between the Cash NISA and a Stocks and Shares NISA.  So make sure that you are saving in the most tax efficient way and enjoying the benefits of this increased limit.

For employers, if you provide expenses and benefits to employees, you should also be aware that the deadline for submitting relevant expenses and benefits forms to HMRC is 6 July, so don’t leave it too late – act NOW!

If you have any queries with either of the above, or need any help whatsoever with your tax and accountancy affairs, please give us a ring on 0800 180 4252.