IR35: Computation - Question 25

What Key dates do I need to be aware of?

• 5th April - Calculate your IR35 deemed payment.
• 19th April - Send us any tax and NICs due on the deemed payment, or a payment on account of any tax and NICs due.
• 19th May - Send your End of Year PAYE returns (form P35 and P14) to us and include any deemed payment and tax and NICs due in it on these forms; if you have not yet finally calculated your IR35 deemed payment, then tell us in a covering letter that your figures are only provisional.
• 31st January - If you only sent us provisional figures on 19 May, then send us corrected form P35 and P14 figures now, and pay any balance of tax and NICs due at the same time. If necessary, issue a corrected P60 to your employee at the same time. If you do not do this, penalties may apply.