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Home > > 21 March 2007 Budget Report > Tax Calendar

Tax Calendar

December 2007 Top
15 New Money Laundering Regulations that revoke and replace the 2003 regulations affect Money Service Businesses; Trust or Company Service Providers; High Value Dealers and Accountancy Service Providers.
17 Reduction in HMRC interest rates on quarterly installment payments and early payments of corporation tax. Rates for underpayment and overpayment are reduced by .25%
28 Filing deadline at Companies House of accounts for private companies with a year ended 28 February 2007 year end
29/30 Last date to file your 2007 Tax Return electronically if you are an employee and wish to have a 2006/07 balancing payment of less than £2,000 collected through your 2008/09 PAYE code. Date dependant upon who is filing.
31 Last day for non-EC traders to reclaim recoverable UK VAT suffered in the year to 30 June 2007
End of relevant year for taxable distance supplies to UK for VAT registration purposes
End of relevant year for cross-border acquisitions of taxable goods in the UK for VAT registration purposes
End of CT61 quarterly period
Filing date for Corporation Tax Return Form CT600 for period ended 31 December 2006
Deadline for electronically delivered 2007 Tax Return if you wish HM Revenue & Customs to calculate the tax, or if you are an employee and wish to have a 2006/07 balancing payment of less than £2,000 collected through your 2008/09 tax code.
January 2008 Top
1 Due date for payment of Corporation Tax for period ended 31 March 2007
7 Due date for Nov VAT returns (electronic payments)
14 Due date for income tax for the CT61 quarter to 31 December 2007
19 If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
Quarter 3 payment due where paid by cheque.
Construction Industry Scheme : Monthly return due for period to 5th of month
22 If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
Quarter 3 payment due where paid electronically.
31 First self assessment payment on account for 2007/08
Capital gains tax payment for 2006/07
Balancing payment - 2006/07 income tax/class 4 NICs
Last day to file the 2007 Tax Return
Enquiry and amendment window closed for 2006 returns
Filing deadline for Corporation Tax Return Form CT600 for period ended 31 January 2007 to be submitted to HMRC
Filing deadline at Companies House (Northern Ireland: Companies Registry) of accounts for private companies with a year ended 31 March 2007
Due date for December VAT returns
February 2008 Top
1 2007 tax return enquiry window extended due to late filing. No penalty payable if return filed today.
Due date for payment of Corporation Tax for period ended 30 April 2007
2 £100 penalty if 2007 Tax Return not yet filed. Additional penalties may apply for further delay.
Last day for notifying car changes in quarter to 5 January - P46 (Car)
7 Due date for Dec VAT returns (electronic payments)
19 If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
Construction Industry Scheme : Monthly return due for period to 5th of month
22 If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
28 Last day to pay any balance of 2006/07 tax to avoid an automatic 5% surcharge
Filing deadline for Corporation Tax Return Form CT600 for period ended 28 February 2007 to be submitted to HMRC
29 Filing deadline at Companies House (Northern Ireland: Companies Registry) of accounts for private companies with a year ended 30 April 2007
Due date for January VAT returns.
March 2008 Top
1 Due date for payment of Corporation Tax for period ended 31 May 2007
7 Due date for Jan VAT returns (electronic payments)
19 If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
Construction Industry Scheme : Monthly return due for period to 5th of month
22 If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
31 End of Corporation Tax financial year
End of CT61 quarterly period
Filing deadline for Corporation Tax Return Form CT600 for period ended 31 March 2007 to be submitted to HMRC
Filing deadline at Companies House (Northern Ireland: Companies Registry) of accounts for private companies with a year ended 31 May 2007
Due date for February VAT returns.
Deadline for VAT partial exemption special method approval if backdating required to 1 April 2007 (March VAT year ends)
April 2008 Top
1 Due date for payment of Corporation Tax for period ended 30 June 2007
1/6 First year allowance for capital allowances replaced by a new £50,000 annual investment allowance. Writing down allowances for plant and machinery reduced from 25% to 20% (subject to transitional rules). Integral fixtures (equipment attached to buildings) - allowance rate of 10%. Changes in car writing down allowance - these will take into account car emissions. Please contact us for advice on your entitlement to claim capital allowances. (1st for businesses paying corporation tax and 6th for those paying income tax on business profits)
5 Last day of 2007/08 tax year
Last day to use the 2007/08 capital gains tax exemption of £9,200
Last day to use the 2007/08 ISA investment limit of £7,000
Last day to utilise 2007/08 inheritance tax exemptions
Taper relief for business and non business assets is withdrawn as also is indexation allowance
6 First day of 2008/09 tax year
The inheritance tax threshold increases to £312,000 (this may be changed in the 2008 Budget)
Capital gains tax reduces to 18% for non-corporate gains
Fuel benefit multiplier increases from £14,400 to £16,900
New tax charge of £30,000 per annum on UK residents paying tax on the remittance basis and certain non-resident individuals
Non resident individuals counted as present in the UK on days of arrival and departure
7 Due date for Feb VAT returns (electronic payments)
14 Due date for income tax for the CT61 period to 31 March 2008
19 If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
Quarter 4 payment due where paid by cheque.
Construction Industry Scheme : Monthly return due for period to 5th of month
20/23 Interest will begin to accrue on unpaid PAYE/NI for 2007/08
22 If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
Quarter 4 payment due where paid electronically.
30 Due date for Mar VAT returns
Normal annual adjustment for VAT partial exemption calculations (monthly returns)
Deadline for VAT partial exemption special method approval if backdating required to 1 May 2007 (April VAT year ends)
Filing deadline for Corporation Tax Return Form CT600 for period ended 30 April 2007 to be submitted to HMRC
Filing deadline at Companies House (Northern Ireland: Companies Registry) of accounts for private companies with a year ended 30 June 2007.
May 2008 Top
1 Due date for payment of Corporation Tax for period ended 31 July 2007
3 Last day for notifying car changes in quarter to 5 April - P46 (Car)
7 Due date for Mar VAT returns (electronic payments)
19 Last day for filing forms P14, P35, P38, and P38A - 2007/08 PAYE returns, without incurring penalties.
Construction Industry Scheme : Monthly return due for period to 5th of month.
If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
22 If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
31 Deadline for issuing P60s to employees for 2007/08
Filing deadline for Corporation Tax Return Form CT600 for period ended 31 May 2007 to be submitted to HMRC
Filing deadline at Companies House (Northern Ireland: Companies Registry) of accounts for private companies with a year ended 31 July 2007
Due date for April VAT returns
Deadline for VAT partial exemption special method approval if backdating required to 1 June 2007 (May VAT year ends)
Capital goods scheme VAT adjustments (monthly returns)
June 2008 Top
1 Due date for payment of Corporation Tax for period ended 31 August 2007
7 Due date for Apr VAT returns (electronic payments)
19 If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
Construction Industry Scheme : Monthly return due for period to 5th of month
22 If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
30 End of CT 61 quarterly period
Last day for UK businesses to reclaim EC VAT chargeable in 2007
Annual adjustment for VAT partial exemption calculations (March VAT year end)
Due date for May VAT returns
Last day for EC businesses to claim UK VAT chargeable in 2007.
Last day for UK businesses to reclaim EC VAT chargeable in 2007
Filing deadline for Corporation Tax Return Form CT600 for period ended 30 June 2007 to be submitted to HMRC
Filing deadline at Companies House (Northern Ireland: Companies Registry) of accounts for private companies with a year ended 31 August 2007
July 2008 Top
1 Due date for payment of Corporation Tax for period ended 30 September 2007
6 Deadline to file Form 42 for 2007/08
Deadline for a close company to elect that all beneficial loans to a director be regarded as a single loan for the purposes of calculating 2007/08 benefits in kind.
Last day to file Taxed Award Scheme Returns, file P11Ds, P11D(b)s and P9Ds. Issue copies of P11Ds or P9Ds to employees.
Deadline for relevant third parties to give non-employees information on benefits/expenses they have provided to them in 2007/08
7 Due date for May VAT returns (electronic payments)
14 Due date for income tax for the CT61 period to 30 June 2008.
19 If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
Construction Industry Scheme : Monthly return due for period to 5th of month
Quarter 1 payment due where paid by cheque.
Due date for June VAT returns
22 Quarter 1 payment due where paid electronically.
Final date for payment of 2007/08 Class 1A NICs,
If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
30 Filing deadline at Companies House (Northern Ireland: Companies Registry) of accounts for private companies with a year ended 30 September 2007
31 2006/07 Self Assessment Tax Return to be filed by today in order to avoid second £100 penalty
Deadline for Tax Credits renewal to finalise claims for 2007/08 and renew claims for 2008/09
Second self assessment payment on account for 2007/08
Annual adjustment for VAT partial exemption calculations (April VAT year end)
Further 5% surcharge on any tax unpaid for 2006/07.
Filing deadline for Corporation Tax Return Form CT600 for period ended 31 July 2007 to be submitted to HMRC
August 2008 Top
1 Liability to second £100 penalty arises for 2007 Tax Return still not filed
Due date for payment of Corporation Tax for period ended 31 October 2007
2 Last day for notifying car changes in quarter to 5 July - P46 (Car)
7 Due date for Jun VAT returns (electronic payments)
19 If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
Construction Industry Scheme : Monthly return due for period to 5th of month
22 If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
31 Annual adjustment for VAT partial exemption calculations (May VAT year end)
Filing deadline for Corporation Tax Return Form CT600 for period ended 31 August 2007 to be submitted to HMRC
Filing deadline at Companies House (Northern Ireland: Companies Registry) of accounts for private companies with a year ended 31 October 2007
Due date for July VAT returns
September 2008 Top
1 Due date for payment of Corporation Tax for period ended 30 November 2007
7 Due date for July VAT returns (electronic payments)
19 If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
Construction Industry Scheme : Monthly return due for period to 5th of month
22 If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
30 End of CT61 quarterly period
Filing deadline for Corporation Tax Return Form CT600 for period ended 30 September 2007 to be submitted to HMRC
Filing deadline at Companies House (Northern Ireland: Companies Registry) of accounts for private companies with a year ended 30 November 2007
In England, closing date for business ratepayers to claim Small Business Rate Relief for 2007/08 financial year.
Due date for Aug VAT returns
Capital goods scheme VAT adjustment (March VAT year end)
October 2008 Top
1 Due date for payment of Corporation Tax for period ended 31 December 2007
5 Individuals/trustees must notify HMRC of new sources of income/chargeability in 2007/08 if a Tax Return has not been received
7 Due date for August VAT returns (electronic payments)
14 Due date for income tax for the CT61 period to 30 September 2008
19 If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
Construction Industry Scheme : Monthly return due for period to 5th of month
Tax and class 1B national insurance contributions due on PAYE settlements for 2007/08 to be paid by today
Quarter 2 payment due where paid by cheque.
22 If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
Quarter 2 payment due where paying electronically.
31 Deadline for submission of the 2008 paper Tax Return (provided issued by 31 July 2008) if you wish HMRC to calculate the tax or, if you are an employee, you wish to have a 2007/08 balancing payment of less than £2,000 collected through your 2009/10 PAYE code
Filing deadline for Corporation Tax Return Form CT600 for period ended 31 October 2007 to be submitted to HMRC
Filing deadline at Companies House (Northern Ireland: Companies Registry) of accounts for private companies with a year ended 31 December 2007
Due date for Sept VAT returns
Capital goods scheme VAT adjustment (April VAT year end)
November 2008 Top
1 Due date for payment of Corporation Tax for period ended 31 January 2008
2 Last day for notifying car changes in quarter to 5 October - P46 (Car)
7 Due date for Sept VAT returns (electronic payments)
19 If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
Construction Industry Scheme : Monthly return due for period to 5th of month
22 If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
30 Filing deadline for Corporation Tax Return Form CT600 for period ended 30 November 2007 to be submitted to HMRC
Filing deadline at Companies House (Northern Ireland: Companies Registry) of accounts for private companies with a year ended 31 January 2008
Due date for Oct VAT returns
Capital goods scheme VAT adjustment (May VAT year end)
December 2008 Top
1 Due date for payment of Corporation Tax for period ended 29 February 2008
7 Due date for Oct VAT returns (electronic payments)
19 If paying by cheque, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
Construction Industry Scheme : Monthly return due for period to 5th of month
22 If paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
29 Filing deadline at Companies House (Northern Ireland: Companies Registry) of accounts for private companies with a year ended 29 February 2008
30 Last date to file your 2008 Tax Return electronically if you are an employee and wish to have a 2007/08 balancing payment of less than £2,000 collected through your 2009/10 PAYE code.
If you received your Tax Return after 31 October, please refer to it to check your deadline or contact us.
31 End of CT61 quarterly period
Due date for Nov VAT returns
Last day for non-EC traders to reclaim recoverable UK VAT suffered in the year to 30 June 2008
End of relevant year for taxable distance supplies to UK for VAT registration purposes
End of relevant year for cross-border acquisitions of taxable goods in the UK for VAT registration purposes
Filing deadline for Corporation Tax Return Form CT600 for period ended 31 December 2007