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Key Dates
(Self Assesment, PAYE and CIS)

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.

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 2023

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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