Class 1 NICs: Time limits for paying Class 1 NICs: quarterly payment option
Employers whose average monthly payments of
- Income Tax
- Deductions from subcontractors
Student Loan Deductions
- less working tax credit payments
are likely to be less than £1500 for 2005/06 can choose to pay HMRC quarterly. The tax quarters end on 5th July, 5th October, 5th January and 5th April.
- Cleared payments made electronically or through a bank should reach HMRC by the 22nd of the month in which the quarter ends.
- Cleared payments made by cheque should reach HMRC by the 19th of the month in which the quarter ends.