Dates and deadlines are becoming ever more important as the penalties for missing them are increasing and they are being more aggressively enforced.
- Accounts are required to be filed with Companies House within 9 months of the year end (Private Limited Companies only).
- Accounts are required to be filed with HM Revenue & Customs within 12 months of the year end (Private Limited Companies only).
- Payments of Corporation tax should be made within 9 months and 1 day of the company’s year end.
- Paper tax returns should be submitted by 31st October following the end of the tax year.
- Online tax returns should be submitted by 31st January following the end of the tax year.
- Payments of tax due should be made by 31st January following the end of the tax year.
- Any payments on account are required to be made by 31st July and 31st January. Payments on account are part payments towards your next tax bill. You don’t always have to pay these – it’ll depend on the amount of tax due and the kind of income you receive.
PAYE and CIS
- PAYE and CIS payments can be made monthly, quarterly (July, October, January and April) or annually depending on the business circumstances. The payments should be made by the 19th should you elect to pay via cheque or 22nd if you are paying electronically.
- CIS returns are required to be submitted electronically by the 19th of each month.
- Class 1A is payable by the 19th July should you elect to pay via cheque or 22nd July if you are paying electronically.
- Forms P11D, P9D and P11D(b) must reach HMRC by 6 July following the end of the tax year.
The above have been provided as a general guide, however, please give us a call to confirm the dates specifically in relation to you and your business.