Important Tax Deadlines

We have listed below the key tax deadlines for individuals, self-employed and businesses:

The tax year runs from the 6th April – 5th April.

Date Information Required
31 July 2016 The second payment on account must be paid to HMRC for tax year 2015/16
05 October 2016 The deadline to let HMRC know that you need to do a self-assessment tax return for tax year 2015/16
31st October 2016 The deadline for submitting paper copies of your tax return for 2015/16 to HMRC and also the deadline for submission if you want HMRC to calculate how much tax you owe
30 December 2016 The deadline for submitting a tax return if you want HMRC to adjust your 2016/17 PAYE code to recover any underpaid tax. The maximum you can repay via your PAYE code is £3000
31 January 2017 Deadline for on line self-assessment submissions.

The balance of any outstanding tax and national insurance for 2015/16 must be paid to HMRC.

The first on account payment for tax year 2016/17 must be made

5 April 2017 Last Day of Tax Year

Limited Companies

Taxable profits of up to £1.5 million

You must pay your Corporation Tax 9 months and 1 day after the end of your accounting period. Your accounting period is usually your financial year, but you may have 2 accounting periods in the year you set up your company.

Taxable profits of over £1.5 million

If your taxable profits of more than £1.5 million, you must pay your Corporation Tax in instalments.

If you need help managing any of your tax deadlines please get in touch 01737 652221