The UK income tax year begins on April 6 and ends
on April 5 the following year.
Note, that these dates apply in general but
there are many exceptions for unusual situations.
| Key
Date |
Event |
| 6
April |
Beginning
of the Tax Year. Tax Returns (or Notice to complete
a Tax Return) sent out by Inland Revenue (for
individuals). |
| 14
April |
Payment
due of CT61, interest begins to accrue on unpaid
amounts |
| 19
April |
Interest
begins to accrue on unpaid PAYE/NIC of previous
tax year
IR35 - if affected,
you'll need to send the Inland Revenue any tax
and NICs due on the deemed payment (arising on
5 April 2001), or a payment on account of any
tax and NICs due.
|
| 19
May |
Employers
who fail to submit their end of year PAYE returns
will have a penalty of GBP100 for each 50 employees
or fewer.
IR35 - if affected,
send your End of Year PAYE returns (form P35 and
P14) to the Inland Revenue and include any deemed
payment and tax and NICs due in it on these forms;
if you have not yet finally calculated your deemed
payment, then tell the Inland Revenue in a covering
letter that your figures are only provisional.
Refer 31 January deadline for sending corrected
figures if this applies. |
| 31
May |
Employers
to give forms P60 (personal tax summary for the
year) to employees |
| 30
June |
Company
CT61 (ACT on dividends and/or income tax on loans)
return due |
| 6
July |
Forms
P11D (employees benefits and expenses) to be submitted |
| 14
July |
Payment
due of CT61, interest begins to accrue on unpaid
amounts |
| 31
July |
Second
payment on account of Income tax (if prior year
tax calculations shows that you needed to pay
tax in instalments for the following year). |
| 31
July |
Further
5% surcharge on balance of tax unpaid at 31 January |
| 30
September |
Company
CT61 return due |
| 30
September |
Self
Assessment returns must be submitted to HMIT (HM
Inspector of Taxes) if he is to compute and notify
liability |
| 6
October |
HMIT
(HM Inspector of Taxes) to be notified of any
new sources where returns have not been issued |
| 14
October |
Payment
due of CT61, interest begins to accrue on unpaid
amounts |
| 31
December |
Company
CT61 return due |
| 14
January |
Payment
due of CT61, interest begins to accrue on unpaid
amounts |
| 31
January |
Balance
of Income tax due plus 1st payment on account
(if prior year tax calculation shows that you
are required to pay tax in instalments) for subsequent
year.
IR35 - If you
only sent provisional figures on 19 May,
then send corrected form P35 and P14 figures now,
and pay any balance of tax and NICs due at the
same time. If necessary, issue a corrected P60
to your employee at the same time. If you do not
do this, penalties may apply. |
| 31
January |
Self
assessment returns must be submitted to avoid
GBP100 penalty. (reduced to amount equivalent
to unpaid tax if lower) |
| 28
February |
5%
penalty surcharge arises on any balance of tax
not paid (if you were due to pay tax on 31 January,
but failed to do so). |
| 31
March |
Company
CT61 return due |
| 5
April |
End
of Tax Year
IR35 - if affected,
the first 'deemed payments' will likely be required
to be calculated by 5 April 2001. |
