Media Release: Stay on the right side of the taxman in 2013

IF, like many new year resolution-makers, you want to start the year off on a good note by staying on the right side of the taxman it is important to meet the top financial deadlines throughout the year.

SBP Chartered Accountants and Business Advisors has more than 30 staff members at its four branches in the North-east based in Aberdeen, Peterhead, Banff and Fraserburgh, and SBP head of tax, Alan Masson, said he understands that it is easy for bosses to forget certain dates, but it is vital to stay on top of due dates for forms as the taxman has no time for excuses.

Mr Masson, said: “It is essential that people submit taxes on time, especially as the Government are clamping down on people dodging tax.

“We understand it can be a stressful process, made even more stressful by strict deadlines but the best way to get organised is to know them ahead of time so there are no nasty surprises.”

Mr Masson highlights the following dates as some of the most important to be aware of in 2013:

31 January – This is one of the most important dates on the tax calendar, as it is the day return forms are due into tax offices. Taxpayers should have received all relevant forms last spring.

28 February – By this date, taxpayers who have not submitted their return forms are given a five per cent surcharge on their amount due, plus a month’s interest. This interest will keep growing the longer the forms go unfiled.

6 April – This date isn’t a deadline, but a date to watch the mailbox, as it’s the day that returns for the 2012-2013 year will be sent out.

31 July – On this date, taxpayers that still haven’t submitted their return forms are given another five per cent surcharge, on top of mounting interest on their taxes.

To ensure taxpayers get all the important documents in by deadline, Mr Masson urged people to hand in their tax returns as soon as they have their information ready.

The firm offers a variety of business and accountancy services, including personal and business taxation, as well as a dedicated business services department to cover everything including bookkeeping, VAT and payroll requirements.

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Contact: Pauline Cook
Phone: 01224857999