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Key dates and deadlines to note
2nd September 2024
A round up of the evolving key deadlines and dates and other important dates.
The Spring Budget 2024 was on 6 March 2024.
| 2024 | Deadline |
| Sep 30 | Deadline for notifying HMRC, via the Advanced Notification Form, of an intention to make an R&D Tax Relief claim for Year to 31 March 2024. |
| Oct 1 | It becomes illegal for employers to withhold tips from staff |
| Oct 1 | Monetary thresholds (e.g. turnover) that determine company size are being raised by 50% from 1 October, following a consultation. See Parliament written question. |
| Oct 5 | Deadline for registering for self assessment for 2023/24 to notify HMRC of chargeability to income tax and/or CGT |
| Oct 18 | Tax and Class 1B NICs on PAYE settlement agreements (PSA) due for 2023–24 paid non electronically |
| Oct 22 | Tax and Class 1B NICs on PAYE settlement agreements (PSA) due for 2023–24 paid electronically |
| Oct 30 | Autumn Budget |
| Oct 31 | Deadline for submitting a paper Self-Assessment tax return for 2023/24 |
| Dec 30 | Submit online personal tax return for 2023–24 if taxpayer wants HMRC to collect tax underpayment (below £3,000) through PAYE coding |
| 2025 | |
| Jan 1 | VAT becomes due on private school fees |
| Jan 23 | Latest day for a UK general election (Dissolution and Calling of Parliament Act 2022, section 4) (See also the General Election timetable from the House of Commons Library) |
| 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 2024/2025 |
| Feb 1 | Interest starts to accrue on any unpaid self-assessment tax liability due for 2022/23 |
| 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 5 | Last day of the tax year to utilise any tax allowances |
| Apr 5 | Deadline for paying voluntary NICs |
| Apr 6 | New tax year 2025/26 begins |
| Apr 6 | Furnished holiday letting tax regime abolished. |
| Apr 6 | NOW DELAYED. Shareholders in Owner Managed Businesses were originally required from this date to provide:
|
| 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 |
| 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. |
| 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.
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