Important Dates For 2020/21 Tax Year

tax-dates

The new tax year is only a matter of weeks away & whether you are a business owner, self-employed individual or employer it is vital that you are aware of the dates your tax obligations,

As such here is our guide to the key tax dates for the 2020/21 tax year.

April 2020

  • 1 April – 2020 financial year begins
    Due date for payment of Corporation Tax for period ended 30 June 2019
  • 5 April – 2019/20 tax year ends
  • 6 April – 2020/21 tax year begins
    IR35 in the private sector comes into force
  • 7 April – Deadline for VAT returns and payments of Accounting Quarter period ending 29 February 2020
  • 19 April – Monthly deadline for postal payments of CIS, NICs and PAYE to HMRC
  • 22 April – Monthly deadline for electronic remittance of CIS, NICs and PAYE to HMRC

May 2020

  • 1 May – Due date for payment of Corporation Tax for period ended 31 July 2019
  • 7 May – Deadline for VAT returns and payments of Accounting Quarter period ending 31 March 2020
  • 19 May – Monthly deadline for postal payments of CIS, NICs and PAYE to HMRC
  • 22 May – Monthly deadline for electronic remittance of CIS, NICs and PAYE to HMRC
  • 31 May – Give a P60 to all employees on your payroll

June 2020

  • 1 June 2020 – Due date for payment of Corporation Tax for period ended 31 August 2019
  • 7 June 2020 – Deadline for VAT returns and payment Accounting Quarter period ending 30 April 2020 if filed online
  • 19 June 2020 – Monthly deadline for postal payments of CIS, NICs and PAYE to HMRC
  • 22 June 2020 – Monthly deadline for electronic remittance of CIS, NICs and PAYE to HMRC

July 2020

  • 1 July – Due date for payment of Corporation Tax for period ended 30 September 2019
  • 5 July – Deadline for PAYE Settlement Agreement (PSA)
  • 6 July – Submit P11D forms online to HMRC, give employees a copy of the information and inform HMRC the total amount of Class 1A National Insurance owed on form P11D(b)
  • 7 July – Deadline for VAT returns and payments of Accounting Quarter period ending 31 May 2020
  • 19 July – Monthly deadline for postal payments of CIS, Class 1 A NICs and PAYE to HMRC
  • 22 July – Monthly deadline for electronic remittance of CIS, Class 1 A NICs and PAYE to HMRC
  • 31 July – Second Payment on Account (POA) for Income Tax for 2019-20
    PAYE settlement agreement submission date

August 2020

  • 1 August – Due date for payment of Corporation Tax for period ended 31 October 2019
  • 2 August – Deadline for submitting P46 (Car) for quarter ending 5 July 2020
  • 7 August – Deadline for VAT returns and payments of Accounting Quarter period ending 30 June 2020
  • 19 August – Monthly deadline for postal payments of CIS, NICs and PAYE to HMRC
  • 22 August – Monthly deadline for electronic remittance of CIS, NICs and PAYE to HMRC

September 2020

  • 1 September – Due date for payment of Corporation Tax for period ended 30 November 2019
  • 7 September – Deadline for VAT returns and payments of Accounting Quarter period ending 31 July 2020
  • 19 September – Monthly deadline for postal payments of CIS, NICs and PAYE to HMRC
  • 22 September – Monthly deadline for electronic remittance of CIS, NICs and PAYE to HMRC

October 2020

  • 1 October – Due date for payment of Corporation Tax for period ended 31 December 2019
  • 5 October – Deadline for Self Assessment registration to notify chargeability of Income Tax/Capital Gains Tax for 2019/20
  • 7 October – Deadline for VAT returns and payments of Accounting Quarter period ending 31 August 2020
  • 19 October – Monthly deadline for postal payments of CIS, NICs and PAYE to HMRC
  • 22 October – Monthly deadline for electronic remittance of CIS, NICs and PAYE to HMRC
  • 31 October – Deadline for postal submission of Self Assessment tax returns for tax year ended 5 April 2020 to be received by HMRC

November 2020

  • 1 November – Due date for payment of Corporation Tax for period ended 31 January 2020
  • 2 November – Deadline for submitting P46 (Car) for quarter ending 5 October 2020
  • 7 November – Deadline for VAT returns and payments of Accounting Quarter period ending 30 September 2020
  • 19 November – Monthly deadline for postal payments of CIS, NICs and PAYE to HMRC
  • 22 November – Monthly deadline for electronic remittance of CIS, NICs and PAYE to HMRC

December 2020

  • 1 December – Due date for payment of Corporation Tax for period ended 28 February 2020
  • 7 December – Deadline for VAT returns and payments of Accounting Quarter period ending 31 October 2020
  • 19 December – Monthly deadline for postal payments of CIS, NICs and PAYE to HMRC
  • 22 December – Monthly deadline for electronic remittance of CIS, NICs and PAYE to HMRC
  • 30 December – Deadline for online submission of self-assessment tax returns for year ending 5 April 2019 for HMRC to collect employment or pension income tax through PAYE tax codes if less than £3,000 is owed.
  • 31 December – Due date to file Corporation Tax for companies with 31 December 2019 year end
    Due date to file company accounts with Companies House for limited companies with 31 March 2019 year end

January 2021

  • 1 January – Due date for payment of Corporation Tax for period ended 31 March 2020
  • 7 January – Deadline for VAT returns and payments of Accounting Quarter period ending 30 November 2020
  • 19 January – Monthly deadline for postal payments of CIS, NICs and PAYE to HMRC
  • 22 January – Monthly deadline for electronic remittance of CIS, NICs and PAYE to HMRC
  • 31 January – Deadline for filing Self Assessment Tax Returns for tax year ended 5 April 2020 and 2019/20 Capital Gains Tax
    Balancing payment of tax due for 2019-20 and first Payment on Account for Income Tax for 2020/21

February 2021

  • 1 February – Due date for payment of Corporation Tax for period ended 30 April 2020
  • 7 February – Deadline for VAT returns and payments of Accounting Quarter period ending 31 December 2020
  • 19 February – Monthly deadline for postal payments of CIS, NICs and PAYE to HMRC
  • 22 February – Monthly deadline for electronic remittance of CIS, NICs and PAYE to HMRC

March 2021

  • 1 March – Due date for payment of Corporation Tax for period ended 31 May 2020
  • 7 March – Deadline for VAT returns and payments of Accounting Quarter period ending January 2021
  • 19 March – Monthly deadline for postal payments of CIS, NICs and PAYE to HMRC
  • 22 March – Monthly deadline for electronic remittance of CIS, NICs and PAYE to HMRC
  • 31 March – Corporation tax returns filed by companies with 31 March 2020 year end

April 2021

  • 1 April – 2021 financial year begins
  • 5 April – 2020/21 tax year ends
  • 6 April – 2021/22 tax year begins

If you are running a LTD company it is also advisable that you are aware when the companies tax year ends & thus when the accounts & tax returns need to be received by HMRC & Companies House respectively.

If you require any assistance with your tax duties & obligations for the new tax year please get in contact with ourselves for a free, no obligation consultation.

 

 

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