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By 8th January 2015 updated 13th March 2020";

Don’t leave it till the last minute to get your tax returns done. If you are going to be due a payment to HMRC, leaving it till the last minute doesn’t reduce the amount. Indeed it makes sense to prepare your returns in good time so you can budget and manage your cash flow. HMRC generally allow some very generous periods of time from due date to payment date.

VAT which is paid quarterly

you have one month and 7 days to make payment – here is a really handy calculator VAT payment deadline calculator

Corporation Tax

you have 9 months and 1 day to make payment after receiving your assessment.

Self Assessment

Paper returns are 31st October after the end of the tax year – i.e. tax year ending 5 April 2014 – paper returns are due by 31 October. Online returns are due 31 January 2015. Finally any tax due must also be paid by 31 January.

Failure to meet those deadlines does attract financial penalties and HMRC generally show little or no mercy.

Annual Company Returns

must be submitted within 28 days of the anniversary of the incorporation of the company or the anniversary of the made up date of the last return. Failure to do so does not attract a financial penalty but your company may be struck off.

Now you know the due dates, why not diary ahead and give yourself – and your accountant – plenty time to get it right.

Roddy Graham