At Bishop Fleming, our professionals we can help you confidently navigate the complex world of taxation
Funding Advisory Hub
Our Funding Advisory Hub, curates insights and expertise together in one place, to assist your company in raising finance.
Technology, Media and Telecommunications
Our dedicated Technology team can support your business locally, nationally, and internationally.
Key dates and deadlines to note
1st May 2024
A round up of the evolving key deadlines and dates and other important dates.
The Spring Budget 2024 was on 6 March 2024
| 2024 | Deadline |
| May 31 | Deadline for employees to receive forms P60 for 2023/2024 |
| Jun 1 | Multiple dwelling relief within SDLT regime abolished |
| Jul 6 | Deadline for PAYE Settlement Agreements for 2023/2024 |
| Jul 6 | Deadline for submission of forms P11D for 2023/2024 |
| Jul 31 | Second Payment on Account due for Income Tax |
| Jul 31 | Recovery Loan Scheme ends. But it will be extended and renamed as the Growth Guarantee Scheme |
| Oct 1 | It becomes illegal for employers to withhold tips from staff |
| Oct 1 |
Monetary thresholds (e.g. turnover) that determine company size are being raised by 50% from 1 October. |
| Oct 31 | Deadline for submitting a paper Self-Assessment tax return |
| Dec 31 | Submit online personal tax return for 2023–24 if taxpayer wants HMRC to collect tax underpayment (below £3,000) through PAYE coding |
| 2025 | |
| Jan 23 | Latest day for a UK general election (Dissolution and Calling of Parliament Act 2022, section 4) (See also the General Election timetable from the House of Commons Library) |
| Jan 31 | Deadline to pay and submit Self-Assessment Tax Returns for tax year ending 5 April 2024 (personal, trustee & partnership). |
| Jan 31 | First Payment on Account for Income Tax due for 2024/2025 |
| Feb 1 | Interest starts to accrue on any unpaid self-assessment tax liability due for 2022/23 |
| Mar 31 | Last day of temporary reduction in Stamp Duty land Tax for the purchase of residential property in England. (Stamp Duty Land Tax (Temporary Relief) Act 2023). |
| Mar 31 | 75% business rate discount for retail, hospitality, and leisure ends. |
| Apr 1 | Financial Year 2025 begins |
| Apr 1 | New rates for National Living Wage |
| Apr 5 | Last day of the tax year to utilise any tax allowances |
| Apr 6 | New tax year 2025/26 begins |
| Apr 6 | Furnished holiday letting tax regime abolished. |
| Apr 6 | Shareholders in Owner Managed Businesses will be required to provide:
|
| Apr 6 | Non-domicile rules replaced with a new regime based on residence |
| Jun 30 | Mortgage Guarantee Scheme ends |
| 2026 | |
| April 6 | Making Tax Digital for Income Tax Self Assessment begins |
| Apr 6 | Payrolling benefits in kind. The government will mandate the reporting and paying of Income Tax and Class 1A NICs on benefits in kind via payroll software from April 2026. |
| 2027 & beyond | Making Tax Digital for partnerships and companies - dates to be provided. |
| The UK is to implement a new import carbon pricing mechanism by 2027 to support the decarbonisation drive. | |
| ... More dates to follow ... |
Repeating deadlines
There are some ongoing deadlines of which individuals and businesses need to be aware.
| Companies | |
| 12 months after company's year-end | Corporation Tax and statutory accounts filing date with HMRC |
| 9 months and 1 day after company's yearend | Due date for payment of any corporation tax liability |
| All businesses - monthly/quarterly | |
| 7th of the month | VAT returns and payment due |
| 14th of the month | Corporation tax quarterly instalment due |
| 19th of the month | Due date for CIS, PAYE and NICs, if paying by cheque |
| 22nd of the month | Due date for CIS, PAYE and NICs, if paying electronically |
| Individuals | |
| Within 60 days of completion of conveyance | Report and pay any CGT on the disposal of Uk property by a non-UK resident |
If you would like to discuss how these deadlines may impact on you or your business, please contact your usual Bishop Fleming advisor.
Key contacts
