Tax Calendar: Important Dates & Deadlines
March - April 2019
Now updated with April dates, here's a list of important tax dates and deadlines for the coming months.
- 1st - 2017/18 Self Assessment payment now 30 days late = 5% charge on the tax owing on that day.
- 31st - Closing date to claim for the Winter Fuel Benefit for this year.
- March - Last minute tax planning. Double check you have availed of all relevant allowances/ exemptions for capital gains tax, inheritance tax, ISA's and pension. Check out our article on making the most of your annual allowances.
Below dates relevant for Employers only.
- 1st - Last chance to pay any balance of 2018/19 tax and Class 4 NICs to avoid an automatic 5% late payment penalty.
- 1st - New advisory fuel rates for users of company cars effective from today.
- 19th (22nd if paid electronically) - PAYE, Nat. Ins.,Student Loan & CIS monthly deductions due. Last day to send in Employer Payment Summary's (EPS) for month ended 5th March.
- 5th - End of 2017/18 tax year. Last chance to avail of annual exemptions for capital gains tax, inheritance tax, pension allowances and ISA's
- 5th - Last chance to use up any unused pension allowance from 2015/16; or to claim back any overpaid tax from 2014/15; or to top up your NI contributions for the sake of your state pension for 2012/13.
- 6th - New tax year commences as do any tax changes such as the increase in the basic personal allowance to £11,850
- 6th - HMRC issue Self Assessment Returns and Notices to Complete a Return for the year to 5 April 2019.
- 30th - Last chance to avoid the £10 a day additional penalty on outstanding 2017/18 Self Assessment tax return.
Below dates relevant for Employers only
- 6th - Employers must check their payroll software incorporates the 2018-19 changes from today. Also make sure any relevant changes to employees tax codes for the 2019/20 year have been made.
- 19th - Your final Full Payment Submission (FPS) for the 2017-18 year should be returned by today.
- 19th (22nd if paid electronically) - 1st quarter PAYE/Nat. Ins. payments due for period 6th Jan to 5th April 2018.
- 19th (22nd if paid electronically) - PAYE, Nat Ins, Student Loan & CIS monthly deductions due.
- 19th (22nd if paid electronically) - Interest is charged on any outstanding PAYE/CIS from 2017/18.
If there are any relevant tax dates we are not presently including in our tax calendar, please feel free to contact us to request their inclusion.
This article was published in our Tax Calendar section on 01/03/2019.
Some Guides you may be interested in
- Top Ten Claimable Expenses for Limited Companies Let’s start with a thought experiment. I’ll set the scene. You’re a limited company owner, and you, as the director, are the sole employee. You also - understandably – love learning about tax. You open up the Monday morning paper to find some exciting news - HMRC has hinted there are going to be some big changes in the upcoming UK budget.....
- Salary vs Dividends A guide to tax efficient remuneration for Limited Company directors for
- What changes to buy-to-let mortgage interest tax relief for landlords? Undoubtedly the biggest source of tax confusion for prospective landlord clients that we speak to here at TaxKings relates to the changes to tax relief for residential landlords, introduced by the UK Government in April 2017.
- Top Ten Year-End Tax Planning Tips for Small Businesses Tax planning for small businesses is not always straightforward, in fact it can be a serious minefield for the unwary. The chances are however that you and your business could almost certainly pay less in tax, with help from your tax advisor. Here are some tips to get you started.
- Making Tax Digital for Small Businesses Making Tax Digital for VAT (MTDfV) comes into effect from 1st April 2019. With Chancellor Philip Hammond announcing in his 2019 Spring Budget that MTD for other taxes will not be mandated until at least 2021, all of our focus is now on the VAT implementation.
- End of Tax Year planning - Use your Allowances to reduce your tax bill. Last minute Tax Planning. Our guide to what annual allowances you have and how to use them to reduce your tax bill.
- A Contractor's introduction to Director's Loans There may be a time when you need to loan money to or borrow money from your own Limited Company. Director’s loans are wrapped up in fiddly bits of legislation. When borrowing cash from your company, care must be taken. You must ensure that you fully understand the tax implications before you take any kind of loan from your business.
- What do you do if you receive a letter from the HMRC Let Property Campaign? So you've received a letter from HMRC’s Let Property Campaign? Happy New Year! From my experience, your initial reaction is likely to be one of the following......
- A contractors guide to VAT Value Added Tax (VAT) is a standard consumption tax levied on almost all goods and services in the UK. If you’re a contractor, working through your own Limited Company, registering for VAT could significantly improve your tax efficiency.
- Off-payroll working in the private sector - a contractors guide IR35 is a tax legislation used to distinguish between employees and genuinely self-employed contractors. Last month we compiled a comprehensive guide to IR35. Now, we take an in-depth look at how the ‘off-payroll working’ rules, introduced to the public sector in 2017, will be extended to medium and large-sized businesses in the private sector from April 2020.
More from our Tax Calendar section