Key dates

We’ve catagorised these into ‘Making Tax Digital’ ‘PAYE’ and ‘Self Assessment’ so you can quickly and easily find the information that applies to you.

Self Assessment Electronic Filing Deadline

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Making Tax digital

Making Tax Digital Key Dates and Deadlines

For further information on MTD and the importance of implementing these changes please click here or contact us

1 April 2019
Since April 2019, VAT registered businesses with a taxable turnover above £85,000 must submit VAT returns to HMRC using functional compatible software.

1 April 2021
VAT registered businesses with a taxable turnover of below the threshold of £85,000 amount, must submit VAT returns to HMRC using functional compatible software.

April 2021
Income and Corporation is made digital, date to be confirmed after the VAT roll out.

Key Financial Dates and Deadlines

July 2020

6th July – Deadline for P11D and P11D(b) submission – and appropriate copies to employees

31st July – Second Self-Assessment payment on accounts for 2019/2020

August 2020

1st August – Due date for payment of Corporation Tax for period ended 31 October 2019

2nd August – Deadline for submitting P46 (Car) for quarter ending 5 July 2020

7th August – Deadline for VAT returns and payments of Accounting Quarter period ending 30 June 2020

22nd  August – Deadline for electronic remittance of PAYE, NiCs and CIS to HMRC.

September 2020

1st September – Due date for payment of Corporation Tax for period ended 30 November 2019

7th – 11th September – National Payroll week

7th September – Deadline for VAT returns and payments of Accounting Quarter period ending 31 July 2020

22nd September – Deadline for electronic remittance of PAYE, NiCs and CIS to HMRC.

October 2020

1st October – Due date for payment of Corporation Tax for period ended 31 December 2019

5th October – Deadline to advise HMRC that you need to register for self-assessment (for 2019/2020 tax year)

7th October – Deadline for VAT returns and payments of Accounting Quarter period ending 31 August 2019

19th October – Deadline for income tax and Class 1B NIC for PAYE settlement agreements for 2018-19 tax year (paper)

22nd October – Deadline for income tax and Class 1B NIC for PAYE settlement agreements for 2018-19 tax year (electronic)

22nd October – Deadline for electronic remittance of PAYE, NiCs and CIS to HMRC.

31st October – Deadline for filing paper Self-Assessment tax return to HMRC

November 2020

1st November – Due date for payment of Corporation Tax for period ended 31 January 2020

2nd November – P46 car forms for the quarter ended 5th October must reach HMRC

7th November – Deadline for VAT returns and payments of Accounting Quarter period ending 30 September 2020

11th November – Extension of Statutory Sick Pay (SSP) end date

22nd November – Deadline for electronic remittance of PAYE, NiCs and CIS to HMRC.

30th November – Last day to file tax returns online if you need HMRC to collect underpayment automatically through PAYE tax code

30th November – Self Employment Income Support Scheme Grant applications open online

December 2020

1st December – New Advisory Fuel Rates (AFR) for company car users

7th December – Deadline for VAT returns and payments of Accounting Quarter period ending 31 October 2020

22nd December – Deadline for electronic remittance of PAYE, NiCs and CIS to HMRC.

30th December – Deadline for filing income tax return if collected through PAYE coding

January 2021

1st January – Brexit Update, guaranteed changes to; the way businesses import and export goods; the process for hiring people from the EU; and the way businesses provide services in EU markets.

1st January – Businesses that move goods to or from the EU or Northern Ireland will require an EORI number, applications can be made on gov.uk website

1st January – Due date for payment of corporation tax for period ended 31 March 2020

7th January – Deadline for VAT returns and payments of Accounting Quarter period ending 30 November 2020

31st January – Online self-assessment tax returns for tax year 2019/2020 should be submitted by this date and tax should be paid

31st January – Payments for the Coronavirus apprenticeship scheme come to an end.

31st January – Last day to apply for the Bounce Back Loan Scheme, the Coronavirus Business Interruption Loan Scheme, the Coronavirus Large Business Interruption Loan Scheme and the Future Fund

February 2021

1st February – Due date for payment of corporation tax for period ended 30 April 2020

2nd February – Send P46 (car) relating to the quarter ending 5th January 2021

7th February – Deadline for VAT returns and payments of Accounting Quarter period ending 31 December 2020

22nd February – Deadline for electronic remittance of PAYE, NiCs and CIS to HMRC.

March 2021

1st March – Method of VAT collection in the construction industry changes as VAT reverse charge is introduced

1st March – Due date for payment of corporation tax for period ended 31 May 2020

1st March – New Advisory Fuel Rates for company car users

1st March – if not paid already, balance of 2019/20 self-assessment tax bill – you will incur a late filing penalty of £100 for missing the deadline, 5% of tax due after 30 days, £300 (or 5% if higher) after 6 months and £300 (or 5% if higher) after 12 months on an accumulating basis.

7th March – Deadline for VAT returns and payments of Accounting Quarter period ending 31 January 2020

22nd March – Deadline for electronic remittance of PAYE, NiCs and CIS to HMRC

22nd March – Bank of England COVID-19 Corporate Financing Facility closes

31st March – Corporation tax returns filed by companies with 31 March 2020 year end

31st March – Deadline for payments of VAT deferred between March and June 2020

31st March – Deadline for claiming the Job Retention Bonus

31st March – Deadline extension for the furlough scheme, end date of Coronavirus Job Retention Scheme. Employees can no longer be furloughed after this date

31st March – Temporary cut to VAT on certain supplies within the hospitality and leisure sectors ends

April 2021

 

1st April- Due date for payment of corporation tax for period ended 30 June 2020

1st April – MTD “Soft landing” period ends, All VAT registered businesses with a taxable turnover of any amount must have digital links in place between software products

5th April – 2020/2021 tax year ends

6th April – 2021/2022 tax year begins

6th April – IR35 ‘off payroll’ reform to hit private sector from 1st April 2021 – This is a huge reform and will have a drastic impact on many contractors within the private sector, should they be deemed IR35

7th April– Deadline for VAT returns and payments of Accounting Quarter period ending 28th February 2021

22th April – Quarterly payment PAYE, Tax and NIC for the period ended 5 April 2021

22th April – Deadline for electronic remittance of PAYE, NiCs and CIS to HMRC

30th April – Job Support Scheme ends

 

Other key dates to note:

April 2022: MTD for VAT will apply to all VAT registered businesses, regardless of their threshold

April 2023: The program will be extended for taxpayers who file income tax and self-assessment tax returns for business or property income over £10,000 annually

For further information or to find out how we can help your business please call 01384 271 858 or get in touch via our get in touch page