Never miss another tax deadline!

It’s another New Year , but somethings never change as far as HMRC is concerned.

Every month there are key deadlines and dates to remember.

Overlook one and you risk incurring the wrath of HMRC. In January alone there are potentially nine things to get right, ranging from paying your corporation tax to filing a self-assessment return.

Now, thanks to our handy tax calendar, you need never miss another deadline. Every month you’ll clearly see the key dates and what you need to do to comply.

1st January

Corporation tax due for companies with accounting periods ending 31 March 2019.
Tip. Payment is due nine months and one day after the end of an accounting period even if it is for less
than a year.

7th January

Electronic VAT return and payment due for quarter ended 30 November 2019.
Tip. If you can’t pay all the VAT due pay as much as you can as this will reduce potential VAT
surcharges. Click here for more information.

14th January

CT61 for the quarter ended 31 December 2019 for companies with income tax etc. payments to report.
Click here for more information.

31st January

Filing deadline for self-assessment tax returns for 2018/19, where submitted electronically. Tip. If you do not submit your form on time you will be liable to a £100 penalty, even if you do not owe
any tax.

Self-assessment balancing payment for 2018/19 and first payment on account for 2019/20 due.
Tip 1. You can ask HMRC to reduce these if you expect your 2019/20 tax bill will be lower than that for
2018/19. Click here for more information

Deadline for amending self-assessment tax returns for tax year 2017/18.
Tip. If you later discover that you have made an error and overpaid tax, you may be entitled to claim
overpayment relief. Click here for more information.

Last date to file your overdue 2017/18 self-assessment return to avoid a penalty of at least £300.

Last date to pay any self-assessment tax you still owe for 2017/18 to avoid a third penalty equal to 5%
of the unpaid tax.

Any PAYE tax and NI for deemed payment under IR35 due for 2018/19.

What to do next

This post is our attempt to make an article recently released in Tax Essentials for Advisors accessible to all. Why not leave a comment and let us know how we did? For further information on this and other topics then request more information or contact us at 01332-369999 or through the contact page of our website

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