Key dates and deadlines to note

A round up of the evolving key deadlines and dates and other important dates.

The Autumn Budget 2024 was on 30 October 2024. A Spring Statement is set for 26 March 2025.

2025	Deadline
Jan 1	VAT becomes due on private school fees (which includes any payments made in advance on or after July 29, 2024)
Jan 31	Deadline to pay and submit Self-Assessment Tax Returns for tax year ending 5 April 2024 (personal, trustee & partnership).
Jan 31	First Payment on Account for Income Tax due for 2024/25
Jan 31	Deadline for submitting online 2022/23 personal, trustee and partnership tax returns to avoid a 12-month penalty. And deadline for amending 2022/23 returns.
Jan 31	Deadline for trusts and estates with a first time tax liability in 2023/24 to register on HMRC’s Trusts Registration Service.
Feb 1	Interest starts to accrue on any unpaid self-assessment tax liability due for 2022/23
Feb 6	Bank of England’s Monetary Policy Committee may cut interest rates from 4.75% to 4.50%
Feb 14	Deadline to defer payment of Class 1 NICs (form CA72A) for 2024/25.
Mar 26	Spring Statement
Mar 31	Last day of temporary reduction in Stamp Duty land Tax for the purchase of residential property in England. (Stamp Duty Land Tax (Temporary Relief) Act 2023).
Mar 31	75% business rate discount for retail, hospitality, and leisure ends.
Apr 1	Financial Year 2025 begins
Apr 1	New rates for National Living Wage to reflect cost of living.
Apr 1	The nil-rate threshold for Stamp Duty Land Tax First Time Buyers’ Relief falls from £425,000 to £300,000
Apr 1	Eligible retail, hospitality and leisure properties in England will receive 40% relief on their business rates liability for 2025/26 up to a cash cap for a business of £110,000.
Apr 5	Last day of the tax year to utilise any tax allowances
Apr 5	Deadline for paying voluntary NICs - The opportunity to fill any gaps in your NI record going back to 2006 will close on 5 April. After this, you will only be able to fill in gaps for the previous six years.
Apr 6	New tax year 2025/26 begins, and your £20,000 ISA allowance renews
Apr 6	1.2% rise in employers' NICs, £4,100 reduction in employee threshold for paying this, and £5,500 rise in Employment Allowance
Apr 6	Furnished holiday letting tax regime abolished.
Apr 6	Business Asset Disposal Relief CGT rate increases from 10% to 14%
Apr 6	Delayed from Oct 2024 - Monetary thresholds (e.g. turnover) that determine company size are being raised, following a consultation. See Parliament written question. See legislation
Apr 6	Non-domicile rules replaced with a new regime based on residence
Jun 30	Mortgage Guarantee Scheme ends
Jul 31	Second Payment on Account due for Income Tax 2024/25
Sep 1	Failure to prevent fraud law comes into force
Oct 22	Inflation figure used to calculate how much benefits and the state pension will rise by in April 2026.
Oct 31	Deadline to submit 2024/25 tax return by post
Oct x	Autumn Budget (date to be advised)
Dec 30	Submit online personal tax return for 2024/25 if you want HMRC to collect tax underpayment (below £3,000) through your 2026/27 PAYE coding
2026
April 6	Making Tax Digital for Income Tax Self Assessment begins
Apr 6	Payrolling benefits in kind. The government will mandate the reporting and paying of Income Tax and Class 1A NICs on benefits in kind via payroll software from April 2026.
Apr 6	Business Asset Disposal Relief CGT rate increases from 14% to 18%
Apr 6	IHT Business Property & Agricultural Property relief capped at a combined £1m, then attracts 50% relief for assets over that value.
2027 & beyond	Making Tax Digital for partnerships and companies - dates to be provided.
	The UK is to implement a new import carbon pricing mechanism by 2027 to support the decarbonisation drive.
	... More dates to follow ...

Repeating deadlines

There are some ongoing deadlines of which individuals and businesses need to be aware.

Companies
12 months after company's year-end	Corporation Tax and statutory accounts filing date with HMRC
9 months and 1 day after company's yearend	Due date for payment of any corporation tax liability
All businesses - monthly/quarterly
7th of the month	VAT returns and payment due
14th of the month	Corporation tax quarterly instalment due
19th of the month	Due date for CIS, PAYE and NICs, if paying by cheque
22nd of the month	Due date for CIS, PAYE and NICs, if paying electronically
Individuals
Within 60 days of completion of conveyance	Report and pay any CGT on the disposal of Uk property by a non-UK resident

If you would like to discuss how these deadlines may impact on you or your business, please contact your usual Bishop Fleming advisor.

Technology, Media and Telecommunications

Repeating deadlines

Key contacts

Andrew Browne

Adele Clapp

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