Important Tax Dates
Chrissy Leach • 17 September 2024
Some important dates to be aware of
Registering For Self-Assessment
If you started your business between 6 April 2023 and 5 April 2024 then you’ll need to register for self-assessment by 5 October 2024.
Filing Your Tax Return
If you need to file a tax return for the 2023/24 tax year then the deadline is 31 January 2025. Penalties will be charged for late filing.
Tax Payments
If you have tax payable for the 2023/24 tax year then the due date is 31 January 2025. If you owe over £1,000 then you may need to make payments on account for the 2024/25 tax year on 31 January and 31 July 2025.
Interest and penalties will be charged for late payment.
Getting Organised
If you need an accountant to help with your 2023/24 tax return then don’t delay.
Selling a UK Residential Property
You may need to file a Capital Gains Tax (CGT) return and pay the tax by 60 days after completion. If you need an accountant to help with your CGT return then speak to them before completion or very soon after to avoid missing the deadline. Penalties will be charged for late filing. Interest and penalties will be charged for late payment.
Confused about tax as a coach, consultant or freelancer? Learn the basics of UK tax, Self Assessment, allowable expenses and tax planning in this simple guide.
Learn how to pay yourself from your business without stress or guesswork. A simple guide for UK coaches, consultants and service-based business owners.
Many business owners underestimate the real cost of employment beyond the salary they agree to pay
Learn how to read rental accounts and identify the key figures every UK landlord should monitor.
Learn how to read self-employment accounts and identify the key figures every UK sole trader should monitor.
Learn how to read limited company accounts, understand FRS 105 and FRS 102 Section 1A, and identify the key figures every UK company director should monitor.
A UK Chartered Accountant’s Guide for Business Owners and Taxpayers
With anyone able to call themselves an accountant in the UK, choosing a Chartered Accountant gives you greater protection, expertise, and peace of mind.
Confused about Making Tax Digital? Here’s whether you really need an accountant, and how to stay compliant without the stress.
If you’ve been asked to pay tax in July, it’s likely a payment on account. Here’s how it works, how it’s calculated, and what to do if you can’t pay.
