31 January – Tax Returns issued on 6 April the previous year must be submitted to the Inland Revenue by this date, failure to submit will result in an immediate £100 penalty. Any balancing payment for the previous years tax liability must be paid by this date together with the first instalment of the next years liability, if due. Failure to make payments will result in interest being charged.
28 February – Any tax outstanding which was due on 31 January will be subject to a 5% surcharge which is payable on demand.
19 May – PAYE P35 Annual Returns and P14s must be submitted to the Inland Revenue by this date, failure to submit the Returns will result in an instant £100 penalty per 50 employees. All PAYE payable for the previous tax year ended 5 April must also be paid, any outstanding amounts are subject to interest charges.
31 July – If a Tax Return is still outstanding from the previous year a further £100 penalty is levied. If any tax is still outstanding which should have been paid by the previous 31 January a further 5% surcharge is payable.
If you are liable to make payments on account of the next years tax liability this falls due for payment.
Company Tax Returns must be submitted to the Inland Revenue no later than 9 months after the end of the company’s year end. The Corporation tax must also be paid by this date. The Revenue may levy a £100 penalty if the Return and Accounts are not submitted within three months of that date.
Accounts must be submitted to Companies House no later than 9 months after the year end, failure to do so will result in an automatic £150 penalty payable immediately and escalating.