The year ahead
As we start a New Year, here are some dates for your diary:
January 2023
1: Corporation Tax payment deadline for companies with 31 March 2022 year-end.
31: File 2021/22 Income Tax and CGT online return.
Pay 2021/22 tax to avoid interest and first instalment of 2022/23 Self-Assessment tax on income.
Companies with IR35 to file Earlier Year Update for 2021/22.
February 2023
1 If 2020/21 tax return not filed, a further penalty of £300 (or 5% of tax due, if higher). If 2021/22 tax return not filed, a penalty of £100.
March 2023
2 Deadline of payment of balance of 2021/22 tax to avoid a 5% late payment penalty.
31 Corporation Tax filing deadline for companies with 31 March 2022 year-end.
April 2023
5: End of Tax Year. Cut-off for income and gains between 2022/23 and 2023/24.
19: Last day for final 2022/23 Employer Payment Summary to reach HMRC.
May 2023
1: Commencement of £10 daily penalties for 2021/22 tax returns not filed.
31: Employers deadline to send 2022/23 P60 to employees.
June 2023
July 2023
5: Agree 2021/22 PAYE Settlement Agreement.
6: Employers send P11D and annual share scheme returns to HMRC and P11D to employees.
19: Employers pay Class 1A NIC for 2022/23.
31: Deadline for payment of second instalment of 2022/23 Self Assessed tax on income.
August 2023
1 If 2021/22 tax return not filed, further £300 penalty (or 5% of tax due, if higher).
September 2023
October 2023
1 Corporation Tax deadline for companies with 31 December 2022 year-end.
5 Deadline for notifying HMRC if Income Tax or CGT is due for 2022/23 and no tax return received.
31 Last day to file 2022/23 Self Assessment return by paper.
December 2023
30 File 2022/23 Self Assessment return online to take advantage of coding out of Income Tax underpayments.
31 Corporation Tax filing deadline for companies with 31 December 2022 year-end.