TAX Deadlines Explained

Published by restartitservices on

Filing a tax return on time and accurately can be very stressful for many.  To help take some of the pressure off, we’ve put together a few useful key dates.

Just make sure you give yourself plenty of time, or get Clear Vision to help with tax returns.

Self-Assessment Tax Deadlines

31 July 2018 – If you want to make advance payments for tax year ended 5 April 2018.

5th October 2018 – To register, if you are not already registered for self-assessment and you are self-employed, a sole trader, a company director or in a partnership

31 October 2018 – For paper Self-Assessment return for tax year ended 5 April 2018

31 January 2019 – For online Self-Assessment return for tax year ended 5 April 2018. This is also the deadline for paying all remaining Self-Assessment taxes due and making your first payment on account for the tax year ending 5 April 2019

Corporation Tax Return Deadlines

The deadlines for filing a tax return will vary.

The company tax return must be submitted to the HMRC within 12 months of the accounting period end to which it relates.

Corporation Tax must be paid electronically by nine months and a day after the accounting period end.

If you’ve made more than £1.5 million in profits, you’ll have to pay your Corporation Tax in instalments. Assuming your company has a 12 month accounting period, your instalment dates will be:

  • 6 months and 13 days after the first day of your accounting period
  • 3 months after your first instalment
  • 3 months after your second instalment
  • 3 months and 14 days after the last day of your accounting period

Where do I begin?

If you are unsure about your tax obligations and how they apply to you and/or your company, please get in touch and Clear Vision’s team of professional accountants can assist you.

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