.png)
.png)
A number of changes relating to HMRC payments come into effect from this month.
With regard to corporation tax, companies will have to submit their company tax returns online and pay all corporation tax and related payments electronically. When, exceptionally, payment is made by cheque after March 2011, the funds will be treated as being received by HMRC on the date when cleared funds reach their bank account, not the date of receipt of the cheque.
HMRC remind taxpayers that payments of Class 2 National Insurance become due on 31 July and 31 January, as for self assessment.
From April 2011, taxpayers who should have submitted their VAT return online but send it in by paper instead, will be charged a penalty. These will apply to returns for accounting periods ending on or after 31 March 2011.
