Dates for the tax year 2023/24 and the rest of 2024
With many tax deadlines across the year for both individuals and businesses, it can be easy to forget key dates for the tax year ahead. Below is a summary of the dates of the tax year 2024/25 as well as the year ahead which you should be aware of. We hope this will help you keep track of the UK tax dates you need to remember.
Please Contact us to discuss how we can assist you with both personal or corporate tax matters, or to discuss the other services we can provide you with.
Key dates for the tax year 2023/24
January 2024
- Online Self Assessment tax returns are due on the 31st January.
- The first payment on account for the 2023/24 tax year is due on January 31st.
February & March 2024
- End of year tax planning. Both individuals and companies need to consider planning for the start of the new tax year on 6 April 2024.
April 2024
- The 2024/25 tax year begins on 6 April. Annual tax rates or allowance changes will typically come into effect on this day.
May 2024
- Employees must be issued with a P60 form by 31 May.
July 2024
- PAYE Settlement Agreements deadline for payment is 5 July.
- The deadline for submitting expenses and benefits forms P11D and P11D(B) to HMRC is on 6 July.
- HMRC must receive payment of Class 1A National Insurance contributions by 19 July, or 22 July if payment is made electronically.
- The second payment on account for the 2023/24 tax year is due on 31 July 2024.
- Employment Related Security (ERS) Returns deadline for submission to HMRC is 6 July.
October 2024
- You must inform HMRC by 5 October if you did not submit a tax return for the previous tax year, but you need to submit one for the 2023/24 tax year.
- Paper Self Assessment tax returns are due on the 31 October (although we recommend filing tax returns online).
December 2024
- The deadline to submit your Self Assessment tax return online is 31 December for anyone wanting HMRC to automatically collect tax owed from wages and pension.
January 2025
- Online Self Assessment tax returns are due on the 31st January.
- The first payment on account for the 2024/25 tax year is due on 31 January.
Business support with Alexander & Co
We know that there is a significant amount of issues to consider when running a business, which is why we can offer support so you can focus on growing your business. As well as tax advice, we provide a full accountancy service. This includes assistance with company audits and business valuations, alongside many other services. Alexander & Co is trusted by many companies to assist with their business affairs.
Get in touch with us to speak to one of our experts on how we can assist your business.
