Making PAYE payments to HMRC

Understanding tax codes

VAT returns in Provestor

Corporation tax

Reporting benefits in kind - form P11D

What is included on a Self Assessment tax return?

Self Assessment tax returns and rental income

Reporting income on your Self Assessment

Self Assessment tax payments and payments on account

Introduction to Self Assessment tax returns

Capital gains tax on residential properties

Actions to take before your company year end

Personal tax planner

 Business Tax Account

If payment or filing deadlines are missed, HMRC & Companies House don't hesitate in issuing a penalty with interest charges if payments are overdue.

Late filing of RTI submissions result in 

of £100 per late submission. With a submission generally required for each tax month, these penalties can become significant.

Provestor takes care of your RTI submissions for you each time a payslip is created.

If you miss a VAT return filing or payment deadline,

that are a percentage of the VAT due. If you miss filing a return, HMRC will estimate your VAT due and apply the surcharge to their estimate.

If a Corporation Tax return is filed late the

increase the later the return becomes. The automatic penalty starts at £100 that starts to increase after 3 months.

for filing a Self Assessment Tax Return late is £100. This starts to increase after a return becomes 3 months late. These penalties can be complicated as they also charge interest.

start at £150 when accounts are 1 day late increasing to £1,500 if accounts are delivered over 6 months late.

Late payment and tax return filing penalties

Your Company TIN is also known as a Unique Taxpayer Reference (UTR). It can be found on a document called a CT41G, which is sent to your registered office address shortly after you incorporate a limited company.

If we have your company UTR it will be displayed in the company settings screen of your software.

Where do I find my TIN?

Your Company Unique Taxpayer Reference (UTR) can be found on a HMRC document called a CT41G. This document is sent to your registered office address shortly after you incorporate your limited company. 

If we have your Company UTR it is in the company settings of Provestor.

Where do I find my company UTR?

A P45 is the reference code of a form titled ‘Details of employee leaving work’ that is issued by an employer when an employee leaves.  It is used when an employee ends or starts employment with a company and allows each company and HMRC to accurately calculate tax for the year.  It contains details about earnings and tax paid during the tax year.

If you would like to request a P45 for anyone in your company, please email your account manager at

What is a P45 and how do I get one?

Any PAYE (income tax and/or National Insurance) is payable to HMRC quarterly. PAYE periods run as follows:

You will receive an email from us once your PAYE payments are due with payment instructions.

What are the deadlines for payment of PAYE?

Go into PAYE payment screen screen in the Taxes & accounts area in the menu. Select the relevant PAYE payment to view the Accounts Office Reference number.

Where can I find my Accounts Office Reference number?

Dividends are taken on the profits available in your company and are a generally a more tax efficient compared to a salary. 

Tax is paid on any dividends received over £2,000 at the following rates:

The amount of dividend tax you are required to pay is calculated on a Self Assessment tax return each year.

How are dividends taxed?

A CT600 is a company tax return which is submitted to HMRC and outlines the amount of Corporation Tax your company is required to pay along with calculations of how this figure was calculated.

This is normally filed at the same time as your year end accounts are filed at Companies House.

What is a Company Tax Return (CT600)?

When an individual identifies a reason for filing a Self Assessment tax return, they need to tell HMRC. You can do this either by completing an online HMRC form or by downloading and posting a SA1 form to HMRC.

It takes around 6 weeks for HMRC to process and once done, they will post a letter confirming registration and provide you with a Unique Taxpayer Reference (UTR) number. You need this to file your tax return.

As soon as you receive your UTR number, please email a copy to us at support@provestor.co.uk

How do I register for Self Assessment?

You can find this information in your Self Assessment Tax Return and SA302 tax calculation.

The SA302 is helpful when making payments as it shows the total due by the deadlines and your UTR number. 

If we filed your return, you’ll find copies of your Self Assessment Tax Return and SA302 in your document store.

How do I know how much to pay on my Self Assessment?

An individual Unique Taxpayer Reference (UTR) will have been issued by HMRC if you have completed a Self Assessment tax return in the past. The UTR is made up of ten digits and can be found on a previously filed tax return, a Notice to complete a tax return or on a Statement of Account.

If you have not registered for Self Assessment, you can find out more 

Where do I find my personal UTR?

You must pay your Corporation Tax by 9 months and 1 day after the end of your accounting period. Your accounting period is usually your financial year end but you may have two accounting periods if it is your company's first year.

When we prepare your accounts and Corporation Tax return, we will provide you with details of your payment deadlines.

When do I need to pay my Corporation Tax?

Property tax

The tax is calculated each year and is recorded on a Corporation Tax return known as a CT600.

The current Corporation Tax rate for small companies is 19%, and is payable on your profit each year. The Corporation Tax needs to be taken into account to determine what profits remain available to pay to the shareholders.

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