Main Due Dates for Tax Payment

Income Tax, NICs and Capital Gains Tax – Self-Assessment

31 Jan in tax year

Following 31 July

Following 31 Jan

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Normally 50% of previous year’s income tax (less tax deducted at source) and class 4 NICs

Balance of income tax and class 4 NICs, class 2 NICs and balance of CGT

Inheritance Tax

On death:

Normally 6 months after end of month of death

Lifetime transfer
6 April–30 September:

30 April in following year

Lifetime transfer
1 October–5 April:

6 months after month of transfer

Corporation Tax – Self-Assessment
  • Profits under £1,500,000: 9 months + 1 day after end of accounting period
  • Profits £1,500,000 or over: normally payable in 7th, 10th, 13th and 16th months after start of the accounting period
  • Profits £20,000,000 or over: normally payable in 3rd, 6th, 9th and 12th months after start of the accounting period
  • Growing companies: no instalments where profits are £10,000,000 or less and the company was not a large company for the previous year.

 

2021/22 Tax calendar

Make the payment on the previous working day where the due date falls on a weekend/bank holiday.

Every month

19 Submit CIS contractors’ monthly return.

22 PAYE/NICs/CIS deductions paid electronically for period ending 5th of the month (19th if not paying electronically).

Month end

Submit CT600 for year ending 12 months previously.

Last day to amend CT600 for year ending 24 months previously.

April 2021

1 Pay any outstanding tax for 2019/20 or make a Time to Pay arrangement, to avoid a late payment penalty.

July 2021

1 SDLT 0% band reduces from £500,000 to £250,000.

5 Last date to agree a new PAYE Settlement Agreement (PSA) for 2020/21.

6 Deadline for employers to return forms P11D (expenses) and P11D (b) (benefits) for 2020/21 to HMRC and provide copies to employees.

22 Pay class 1A NICs (19 July if not paying electronically).

31 Confirm tax credit claims for 2020/21 and renewal for 2021/22. Second payment on account for 2020/21 income tax and class 4 NICs.

August 2021

1 Penalty of 5% of the tax due or £300, whichever is the greater, where the 2019/20 tax return has not been filed.

October 2021

1 SDLT 0% band reduces from £250,000 to £125,000. VAT rate on hospitality, holiday accommodation and attractions increases from 5% to 12½.

5 Deadline to register for self-assessment for 2020/21.

22 Pay tax and class 1B NICs on PSAs (19th if not paying electronically).

31 Deadline for 2020/21 tax return if filed on paper.

December 2021

30 Deadline to submit 2020/21 tax return online to have underpaid PAYE tax collected through the 2022/23 tax code.

January 2022

31 Submit 2020/21 self-assessment tax return online. Pay balance of 2020/21 income tax, class 4 NICs, all of class 2 NICs and balance of CGT, plus first payment on account for 2021/22 income tax and class 4 NICs.

February 2022

1 Initial penalty imposed where the 2020/21 tax return has not been filed or has been filed on paper after 31 October 2021.

March 2022

2 Last day to pay 2020/21 tax to avoid automatic 5% penalty.

April 2022

1 VAT rate on hospitality, holiday accommodation and attractions increases from 12½% to 20%.

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