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  • Home
  • Who We Are
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Tax Calender

It is a summary of the key tax dates and deadlines for small businesses. For specific advice, please contact us. 


January 2024  

31 January - Deadline for Self Assessment Tax Returns

31 January - Balancing payment for previous tax year ending on 5 April

31 January - First payment on account for current tax year ending on 5 April

31 January - Tax due on gains made

31 January - Online filing deadline for Self Assessment Tax Returns


April 2024  

19 April - Final Full Payment Submission (FPS) or Employer Payment Submission (EPS) Deadline.

 

May 2024  

31 May - Deadline for distributing P60s to employees.


July 2024  

6 July - P11d deadline for submission to HMRC and distribution to employees

19 July - Payment on benefits and expenses reported on forms P11d (non electronic means)

22 July - Payment on benefits and expenses reported on forms P11d (electronic means)

31 July - Second payment on account for tax year finished on previous 5 April


PAYE and Class 1NIC Deadlines

The monthly payment of PAYE and Class 1 NICs by approved electronic methods is the 22nd of each month.


VAT Deadlines

There are no fixed times of the year to pay VAT, each business is different. Payment dates depend on the type of business you are in, the VAT scheme you are in and the choices you have made. You may pay VAT monthly, quarterly or annually.


Corporation Tax Deadlines

The deadline for a private limited company to file a Corporation Tax Return (CT600) is twelve months after its financial year ends.


If a private limited company’s profits are at an annual rate of up to £1.5 million then the deadline for payment of the amount of Corporation Tax due is nine months and a day after the company’s accounting period end date.


If a private limited company’s profits are at an annual rate exceeding £1.5 million then the company must pay Corporation Tax in quarterly instalments in the year, unless:

  • the company’s annualised net tax liability is less than £10,000; or
  • the company’s annualised profits for the current year do not exceed £10 million and either of the following applies:
    • this is the company’s first accounting period; or
    • for the previous accounting period, either the company’s annualised rate of profits did not exceed £1.5 million or its annualised net tax liability did not exceed £10,000.

Where quarterly instalments are necessary for a financial year, two instalments will be due before the year end and two after. The Corporation Tax liability will need to be estimated in advance of the 1st instalment and a quarter of this amount paid on each payment date. The Corporation Tax estimate must be updated as the company progresses through the financial year and future instalments updated with top-up payments due for earlier quarters. The final quarterly payment will be the company’s actual Corporation Tax liability for the financial year less the total of any payments made.


For a financial year, the four quarterly instalments are due:

  • 1st instalment - six months and thirteen days after the first day of the financial year;
  • 2nd instalment – three months after the date of the first instalment;
  • 3rd instalment - three months after the date of the second instalment i.e. 14 days after the last day of the accounting period
  • 4th instalment – 3 months and 14 days after the date of the last day of the financial year. 

Tax Year Dates and Deadlines 2023-2024

Key Dates 2023-2024 UK Tax Year

  

April 2023

  • 5th April – End of the last tax year deadline for claiming your PAYE tax refund for the 2018/ 2019 tax year
  • 6th April – First day of the new tax year 2023/24, time to gather detailed documents for your 2022/23 tax return
  • 19th April – Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by non-electronic methods
  • 22nd April – Deadline for online payment of PAYE and NICs etc to HMRC’s Accounts Office

May 2023

  • 3rd May – P46 (car) paper submissions – company car changes in the period 6th Jan – 5th April
  • 19th May – Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by non-electronic methods
  • 22nd May – Deadline for online payment of PAYE and NICs etc to HMRC’s Accounts Office
  • 31st May – PAYE copies of 2022/23 P60 documents must be issued to employees and deadline for Automatic Exchange of Information (AEOI) returns for the year ended 31st December 2022

June 2023

  • 19th June – Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by      non-electronic methods
  • 22nd June – Deadline for online payment of PAYE and NICs etc to HMRC’s Accounts Office
  • 30th June – VAT tax return deadline

July 2023

  • 4th July – Deadline by which employees must make good PAYE income tax arising in respect of employment related securities before a penal s222 charge applies
  • 6th July – Filing deadline date for Expenses and Benefits forms P11D(b) and P11D to reach HMRC
  • 19th July – Deadline for payment of PAYE and NUCs etc to HMRC’s Accounts Office by non-electronic methods
  • 22nd July – Deadline for online payment of PAYE and NUCs etc to HMRC’s Accounts Office
  • 31st  July – PAYE Settlement Agreement calculation deadline (specified in PAYE Settlement Agreement), second payment on account (POA) due for      individuals, trusts, and partnerships.
        Deadline for making ‘scheme pays’ elections (where eligible) to request a      pension scheme pays the annual allowance tax charge for the 2021/22 tax      year

August 2023

  • 2nd August – P46 (car) – company car changes in the period 6th April –      5th July
  • 19th August – Deadline for payment of PAYE and NICs etc to HMRC’s      Accountants Office by non-electronic methods
  • 22nd August – Deadline for online payment of PAYE and NICs etc to HMRC’s Accountants Office
  • 31st August – PAYE Settlement Agreement calculation deadline (specified in PAYE Settlement Agreement)

September 2023

  • 19th September –  Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by non-electronic methods
  • 22nd September – Deadline for online payment of PAYE and NICs etc to HMRC’s Accounts Office
  • 30th September – VAT tax return deadline

October 2023

  • 5th October – Deadline to register with the HMRC if you became      self-employed or started receiving income from property
  • 19th October – Deadline for payment of PAYE and NICs etc to HMRC’s      Accounts Office by non-electronic methods
  • 22nd October – Deadline for online payment of PAYE and NICs etc to HMRC’s Accounts Office
  • 31st October – Deadline for paper Self Assessment returns for 2022/23 tax year

November 2023

  • 2nd November – P46 (car) – company car changes in the period 6th July – 5th October
  • 19th November – Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by non-electronic methods
  • 22nd November – Deadline for online payment of PAYE and NICs etc to HMRC’s Accounts Office

December 2023

  • 19th December – Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by non-electronic methods
  • 22nd December – Deadline for online payment of PAYE and NICs etc to HMRC’s Accounts Office
  • 30th December – Deadline for online submission of Self Assessment tax returns for year ending 5th April 2022 for HMRC to collect employment or pension income tax through PAYE tax codes if less than £3,000 is owed
  • 31st December – Deadline for filing your company’s annual accounts if you have a limited company with an accounting year end of 31st March

January 2024

  • 19th January – Deadline for payment of PAYE and NICs etc to HMRC’s      Accounts Office by non-electronic methods
  • 22nd January – Deadline for online payment of PAYE and NICs etc to HMRC’s Accounts Office
  • 31st January – Standard filing deadline for online returns and payment of tax owed including first payment on account. For taxable trusts, this is      the deadline for the annual update/ confirmation of the details held on      the HMRC Trust Register
  • Exemptions – HMRC must receive a paper tax return by 31st January if you are a trustee of a registered pension scheme or a non-resident company. You cannot send a return online

February 2024

  • 2nd February – P46 (car) – company car changes in the period 6th October – 5th January
  • 19th February – Deadline for payment of PAYE and NICs etc to HMRC’s Accounts Office by non-electronic methods
  • 22nd February – Deadline for online payment of PAYE and NICs etc to HMRC’s Accounts Office

March 2024

  • 19th March – Deadline for payment of PAYE and NICs etc to HMRC’s      Accounts Office by non-electronic methods
  • 22nd March – Deadline for online payment of PAYE and NICs etc to HMRC’s Accounts Office

April 2024

End of tax year 2023/24

Get in touch for competitive quote for your business needs

Get in touch for competitive quote for your business needs

Get in touch for competitive quote for your business needs

Get in touch for competitive quote for your business needs

Get in touch for competitive quote for your business needs

Get in touch for competitive quote for your business needs

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