Are you a small business owner who’s feeling overwhelmed by all the dates you need to remember?
CFO360 UK is here to help!
We’ve compiled a list of all the important tax deadlines, accounting deadlines and general dates that you need to know.
Plus, we’ll keep this list updated throughout the year so you always have the latest information at your fingertips.
This guide will help you stay organized and on top of your game. With everything in one place, you can easily plan ahead and make sure that you don’t miss any important deadlines.
Scroll down and and take a look at our free comprehensive list of key dates for small businesses!
Important Tax Deadlines, Accounting Deadlines & General Dates
April 2022
· 5 April – Current tax year ends
5 April – Previous month’s and Final FPS for the tax year due.
· 6 April – New tax year begins. Updates to tax rates will be applied.
· 7 April – Due date for VAT returns and electronic payment for quarter ending 28/29th February.
· 14 April – Submit forms and pay tax due for CT61 period to 31 March.
· 15 April – Good Friday (Bank Holiday).
· 18 April – Easter Monday (Bank Holiday).
· 19 April – Previous month’s EPS due if applicable. Especially applicable if last month’s FPS was not marked as Final.
19 April – Monthly deadline for postal payments of CIS, NICs and PAYE to HMRC.
· 20 April – Can start making corrections to previous tax year’s payroll (Earlier Year Updates).
· 22 April – Monthly and quarterly deadline for electronic remittance of CIS, NICs and PAYE to HMRC.
May 2022
· 2 May – Early May bank holiday (Bank Holiday).
· 5 May – Previous month’s FPS due.
· 7 May – Deadline for VAT returns and payments of Accounting Quarter period ending 31 March.
· 19 May – Previous month’s EPS due if applicable.
· 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 payroll for the 2021/2022 tax year.
June 2022
· 2 June – Spring bank holiday (Bank Holiday).
· 3 June – Platinum Jubilee bank holiday (Bank Holiday).
· 5 June – Previous month’s FPS due.
· 7 June – Deadline for VAT returns and payment Accounting Quarter period ending 30 April.
· 19 June – Previous month’s EPS due if applicable.
19 June – Monthly deadline for postal payments of CIS, NICs and PAYE to HMRC.
· 22 June – Monthly deadline for electronic remittance of CIS, NICs and PAYE to HMRC.
· 30 June – CT61 quarterly period ends.
July 2022
· 5 July – Previous month’s FPS due.
· 6 July – Submit P11D forms online to HMRC. This is the final day to give employees a copy of the information and inform HMRC the total amount of Class 1A National Insurance owed on form P11D(b).
6 July – Deadline for Form 42/ERS Annual Return and other related documentation related to employee share-related benefits.
· 7 July – Deadline for VAT returns and payments of Accounting Quarter period ending 31 May.
· 14 July – Income tax due date for CT61 period to 30 June.
· 19 July – Previous month’s EPS due if applicable.
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 Self-assessments submitted on 31 January.
August 2022
· 5 August – Previous month’s FPS due.
· 7 August – Deadline for VAT returns and payments of Accounting Quarter period ending 30 June.
· 19 August – Previous month’s EPS due if applicable.
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.
· 29 August – Summer bank holiday (Bank Holiday).
September 2022
·
5 September – Previous month’s FPS due.
· 7 September – Deadline for VAT returns and payments of Accounting Quarter period ending 31 July.
· 19 September – Previous month’s EPS due if applicable.
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.
·
30 September – CT61 quarterly period
ends.
October 2022
· 5 October – Previous month’s FPS due.
5 October – Deadline for Self-assessment registration if required to submit a self-assessment for the tax year ended on 5 April 2022.
· \7 October – Deadline for VAT returns and payments of Accounting Quarter period ending 31 August.
· 14 October – Income tax due date for CT61 period to 30 September.
· 19 October – Previous month’s EPS due if applicable.
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/paper submission of Self Assessment tax returns for tax year ended 5 April 2022 to be received by HMRC.
November 2022
·
5 November – Previous month’s FPS due
· 7 November – Deadline for VAT returns and payments of Accounting Quarter period ending 30 September.
· 19 November – Previous month’s EPS due if applicable.
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 2022
·
5 December – Previous month’s FPS due.
· 7 December – Deadline for VAT returns and payments of Accounting Quarter period ending 31 October.
· 19 December – Previous month’s EPS due if applicable.
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.
· 26 December – Boxing Day (Bank Holiday).
· 27 December – Christmas Day (Substitute Christmas Bank Holiday).
· 31 December – CT61 quarterly period ends.
Glossary
- FPS – Full Payment Summary.
- EPS – Employer Payment Summary.
- CT61 – form used to claim income tax return, interest return and return on alternate finance payments.
- CIS – Construction Industry Scheme.
- NIC – National Insurance Contributions.
- PAYE – Pay as you earn.
- P60 – A P60 form is a statement showing how much you have earned, and the amount of tax you have paid in the last tax year.
- P11D – A P11D form is sent to HMRC outlining the cash value of any work-related taxable expenses and taxable benefits you’ve received over the tax year (6 April-5 April). These are only benefits or expenses that have not already been included in your wages.
- P11D(b) – P11D(b) tells HMRC how much Class 1A National Insurance you need to pay on all the expenses and benefits you’ve provided.
- Form 42/ERS (Employment Related Securites) Annual Return – A return submitted to HMRC each year to report certain share transactions involving employees or directors.
HMRC Deadlines
- VAT – Due and payable one month and 7 days after the end of the VAT period.
- Annual Accounts & Corporation Tax – Annual Accounts due to Companies House 9 months and one day after company year end and Corporation Tax return due 12 months after company year end.
- Self Assessment – Due 31 January following the end of the tax year.
- P11D – Due 6 July following the end of the tax year.
