In addition to the dates listed below, please be aware Corporation Tax payment deadlines are nine months and one day after the company’s year-end (where payments are not required by quarterly instalments).
The deadline for Corporation Tax Returns is 12 months after the company’s year-end.
Please note, if your profits exceed £1.5 million, different arrangements apply, which we can advise you on.
March 2024
- 1 March 2024 - New Advisory Fuel Rates (AFR) applies for company car users.
- 4 March 2024 - The first elements of the new Economic Crime and Corporate Transparency Act 2023 come into force, affecting Companies House reporting.
- 6 March 2024 - Chancellor to deliver Spring Budget 2024.
- 6 March 2024 - The rules for claiming First-Time Buyers’ Relief from Stamp Duty Land Tax in England and Northern Ireland will be amended so that individuals buying a leasehold residential property through a nominee or bare trustee will be able to claim.
- 7 March 2024 - VAT returns and payments due for Accounting Quarter period ending 31 January.
- 22 March 2024- Deadline for electronic remittance of PAYE, NICs and CIS to HMRC.
- 31 March 2024 - Deadline for filing of accounts with Companies House for accounting periods ended 30 June 2023.
- 31 March 2024 - Corporation Tax returns due for accounting periods ended 31 March 2023.
April 2024
- 1 April 2024 - National Living Wage (NLW) and National Minimum Wage (NMW) rates to increase, and NLW to be extended to everyone aged 21 and up.
- 1 April 2024 - The threshold for the R&D intensive scheme will be reduced from 40% to 30% for accounting periods on or after this date.
- 1 April 2024 - The RDEC and SME R&D schemes will be merged and all expenditure from this date to be included in the new scheme.
- 1 April 2024 - Subcontracted R&D work and the cost of externally provided workers (EPWs) will be limited to work done in the UK.
- 1 April 2024 - Personal representatives of estates will no longer need to have sought commercial loans to pay inheritance tax before applying to obtain a “grant on credit” from HMRC.
- 1 April 2024 - The VAT threshold will increase to £90,000 and the deregistration threshold to £88,000.
- 1 April 2024 - A 40% business rates relief will be introduced for eligible film studios in England for 10 years
- 1 April 2024 - New 53% rate of relief via the Audio-visual Expenditure Credit for expenditure on eligible UK independent film productions
- 5 April 2024 - Last day of the tax year and the deadline for claiming tax refunds.
- 6 April 2024 - First day of the new tax year.
- 6 April 2024 - Tax basis transition year ends and new tax year basis begins replacing current year basis.
- 6 April 2024 - the Dividend Allowance will be reduced from £1,000 to £500.
- 6 April 2024 - The Capital Gains Tax Annual Exempt Amount will be reduced from £6,000 to just £3,000.
- 6 April 2024 - The Pension Lifetime Allowance will be permanently abolished.
- 6 April 2024 - Class 2 NICs for self-employed workers to be abolished.
- 6 April 2024 - Class 4 NIC rate to be reduced from 9% to 6%.
- 6 April 2024 - Taxpayers who join MTD will be subject to the Government’s new penalty regime for the late filing of tax returns and late payment of tax.
- 6 April 2024 - The income tax cash basis for the self-employed and partnerships will be extended and simplified.
- 6 April 2024 - The main rate of employee National Insurance will be cut again to 8%.
- 6 April 2024 - The threshold for the High Income Child Benefit Charge will increase to £60,000 and the taper range will extended to £80,000.
- 6 April 2024 - The Capital Gains Tax rate for the sale of second/additional homes for higher-rate taxpayers will be cut from 28% to 24%.
- 19 April 2024 - Employers must make a final RTI payroll report for 2023/24.
- 22 April 2024 - Deadline for electronic remittance of PAYE, NICs and CIS to HMRC.
- 30 April 2024 - Deadline for filing of accounts with Companies House for accounting periods ended 30 July 2023.
- 30 April 2024 - Annual Tax on Enveloped Dwellings return and payment due for companies already in the regime.
- 30 April 2024 - Daily £10 late filing penalties start to apply to outstanding Self-Assessment tax returns.
- 30 April 2024 - Corporation Tax returns due for accounting periods ended 30 April 202
May 2024
- 3 May 2024 - Printed forms P46(Car) for the quarter ended 5 April (where benefits are not payrolled) to reach HMRC.
- 5 May 2024 - Employment intermediary’s quarterly report (6 January to 5 April) of agency workers paid gross (the end-user organisation can be classed as the employment intermediary in some circumstances).
- 5 May 2024 - Deadline for a 2024/25 tax credits claim to be backdated to 6 April 2024.
- 7 May 2024 - VAT returns and payments due for Accounting Quarter period ending 31 March.
- 22 May 2024 - Deadline for electronic remittance of PAYE, NICs and CIS to HMRC.
- 31 May 2024 - P60s to be given to all employees.
- 31 May 2024 - Deadline for filing of accounts with Companies House for accounting periods ended 30 August 2023.
- 31 May 2024- Corporation Tax returns due for accounting periods ended 31 May 2023.
June 2024
- 1 June 2024 - Deadline to confirm employees’ payrolled benefit information.
- 1 June 2024 - The Government is abolishing Multiple Dwellings Relief.
- 7 June 2024 - VAT returns and payments due for Accounting Quarter period ending 30 April.
- 22 June 2024 - Deadline for electronic remittance of PAYE, NICs and CIS to HMRC.
- 30 June 2024 - Deadline for filing of accounts with Companies House for accounting periods ended 30 September 2023.
- 30 June 2024 - Corporation Tax returns due for accounting periods ended 30 June 2023.
July 2024
- 1 July 2024 - The Employment (Allocation of Tips) Act 2023 comes fully into force.
- 5 July 2024 - PAYE Settlement Agreements (PSAs) for 2023/24 must be agreed with HMRC.
- 6 July 2024 - Close companies providing beneficial loans to a director must elect for all loans to be treated as a single loan by this date to calculate benefits in kind.
- 6 July 2024 - Copies of 2023/24 P11d documents should be issued to employees and forms submitted to HMRC.
- 7 July 2024 - VAT returns and payments due for Accounting Quarter period ending 31 May.
- 22 July 2024 - Deadline for electronic remittance of PAYE, NICs and CIS to HMRC, as well as Class 1A NIC owed on expenses or benefits.
- 31 July 2024 - Deadline for filing of accounts with Companies House for accounting periods ended 31 October 2023.
- 31 July 2024 - The second payment on account for the 2023/24 tax year is due.
- 31 July 2024 - Corporation Tax returns due for accounting periods ended 31 July 2023.
August 2024
- 1 August 2024 - Taxpayers who have not paid remaining tax liabilities face a further five per cent penalty, in addition to the five per cent penalty suffered on amounts outstanding at 1 March 2024.
- 2 August 2024 - Forms P46(Car) for the quarter ended 5 July (where benefits are not payrolled) to reach HMRC.
- 7 August 2024 - VAT returns and payments due for Accounting Quarter period ending 30 June.
- 22 August 2024 - Deadline for electronic remittance of PAYE, NICs and CIS to HMRC.
- 31 August 2024 - Deadline for filing of accounts with Companies House for accounting periods ended 30 November 2023.
- 31 August 2024 - Corporation Tax returns due for accounting periods ended 31 August 2023.
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