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Financial Calendar
For key dates in the financial calendar simply scroll up or down or use the links below to quickly navigate this page. Please contact for any queries on dates not included
Corporation Tax | Payroll Dates | Self Assessment Dates | Key Dates For Payments
Key tax dates for the year
Every tax year is an ongoing list of dates to pay tax, vat and PAYE plus deadlines to submit returns. Below is a list of these for your guidance only. As a client of Gardner Salisbury we will, of course, notify you and advise as these are imminent and calculate your tax liability for payments or refunds.
For most companies, the payment of Corporation Tax is due nine calendar months and one day after the end of the accounting period. This is known as the 'Normal Due Date'. If the accounting period ends on the last day of a month, the normal due date will be the first day of the tenth following month. For example, an accounting period ending on 31 May 2006 will have a due date of 1st March 2007. Large companies must pay their tax earlier than this date, by quarterly instalments. Gardner Salisbury will be pleased to advise on this.
The site shown below contains a comprehensive, month-by-month guide to payment dates.
www.hmrc.gov.uk/employers/january.htm
Key Dates for Completing and Sending Back Your Tax Return.
6 April 2007
This is when a new tax year starts. A 2006-07 Tax Return or Notice to Complete a Tax Return (SA316) will be sent out to all people who get a tax return each year.
31 July 2007
You will be charged a second automatic penalty of £100 if your 2005-06 Tax Return was due back by 31 January 2007 but has not been sent in.
30 September 2007
If you are completing a paper Tax Return for 2006-07, you must send it back by this date if you want us to.
- Calculate your tax
- Tell you what to pay by 31 January 2008
- Collect tax through your tax code, if possible, where you owe less than £2000
(If we receive your paper Tax Return after 30 September and process this by 30 December we will still calculate your tax and we will still try to collect tax through your tax code but we can't guarantee to tell you what to pay by 31 January 2008).
30 December 2007
If you send back your Tax Return over the Internet you must send it back by this date if you want us to:
- Collect tax through your tax code, if possible, where you owe less than £2000
Remember: If you send back your Tax Return over the Internet all the Software and Online forms will calculate your tax liability for you.
31 January 2008
If you were sent a Tax Return by 31 October 2007 this is the deadline for sending back your completed 2006-07 Tax Return
1 February 2008
If you were sent a Tax Return by 31 October 2007 you will be charged a penalty of £100 if we have not received your return by this date.
6 April 2008
The new tax year starts.
A Tax Return or Notice to Complete a Tax Return (SA136) will be sent out to all people who meet the criteria to get a Tax Return each year.
31 July 2007
Some people may have to make 'payments on account'. Each payment will normally equal one half of the previous year's tax liability (after taking off tax deducted at source and tax credits on dividends). The payments are due on 31 January in the tax year and 31 July following the tax year. If you need to make a second payment on account for the tax year ending on 5 April 2006 this is the date by which it should be paid. You may be charged a second automatic 5% surcharge if you were due to pay tax on 31 January 2007 and it has not been paid in full by 31 July 2007.
30 September 2007
If you are sending a paper Tax Return for 2006-07 you need to send it back by this date if you want us to collect tax through your tax code, if possible, where you owe less than £2000.
30 December 2007
If you are sending your Tax Return for 2006-07 over the Internet you need to send it back by this date if you want us to collect tax through your tax code, if possible, where you owe less than £2000.
31 January 2008
If you were sent a Tax Return by 31 October 2007 this is the deadline for paying the balance of any tax you owe. Interest will be charged if we have not received your payment by this date. Some people may have to make 'payments on account'. Each payment will normally equal one half of the previous year's tax liability (after taking off tax deducted at source and tax credits on dividends). The payments are due on 31 January in the tax year and 31 July following the tax year. If you need to make a first payment on account for the tax year ending on 5 April 2008 this is the date by which it should be paid.
28 February 2008
You may be charged an automatic 5% surcharge if you were due to pay tax for the year 2006/07 and it has not been paid in full by 28 February 2008