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, class 4 NICs, CGT and all class 2 NICs

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

 

2022/23 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 2022

1 VAT rate on hospitality, holiday accommodation and attractions increases from 12.5% to 20%. New VAT points-based penalty regime starts. All voluntarily VAT registered businesses must send VAT returns using MTD software.

6 New NIC rates and dividend tax rates come into force.

July 2022

5 Last date to agree a new PAYE Settlement Agreement (PSA) for 2021/22.

6 The annual NIC primary threshold and lower profits limit increase from ￡9,880 to ￡12,570.

Deadline for employers to return forms P11D (expenses) and P11D (b) (benefits) for 2021/22 to HMRC and provide copies to employees.

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

31 Confirm tax credit claims for 2021/22 and renewal for 2022/23. Second payment on account for 2021/22 income tax and class 4 NICs.

August 2022

1 Penalty of 5% of the tax due or £300, whichever is the greater, where the 2020/21 tax return has not been filed.

October 2022

5 Deadline to register for self-assessment for 2021/22.

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

31 Deadline for 2021/22 tax return if filed on paper.

December 2022

30 Deadline to submit 2021/22 tax return online to have underpaid PAYE tax collected through the 2023/24 tax code.

January 2023

31 Submit 2021/22 self-assessment tax return online. Pay balance of 2021/22 income tax, class 4 NICs, CGT and all class 2 NICs, plus first payment on account for 2022/23 income tax and class 4 NICs.

February 2023

1 Initial penalty imposed where the 2021/22 tax return has not been filed or has been filed on paper after 31 October 2022.

March 2023

2 Last day to pay 2021/22 tax to avoid automatic 5% penalty.

 

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