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Important dates

Whether you are a sole trader or a director of a limited company, looming deadlines can become quite a daunting thought on top of managing your business on a day to day basis. Below is a guide with the key dates that you should make a note of:

VAT

If your company is VAT registered, you will be required to file a VAT Return for each of the four quarters of the financial year. VAT Return cycles vary but below is an example:

VAT Q1 – January, February & March. The VAT Return for quarter one is due to be filed with HMRC and any liability to be paid 1 month and 7 days after the end of the quarter – 7th May

VAT Q2 – April, May & June. The VAT Return for quarter two is due to be filed with HMRC and any liability to be paid 1 month and 7 days after the end of the quarter – 7th August

VAT Q3 – July, August & September. The VAT Return for quarter three is due to be filed with HMRC and any liability to be paid 1 month and 7 days after the end of the quarter – 7th November

VAT Q4 – October, November, December. The VAT Return for quarter four is due to be filed with HMRC and any liability to be paid 1 month and 7 days after the end of the quarter – 7th February


Payroll

A monthly/weekly RTI will need to be filed with HMRC before any payments are made to staff.
Depending on how much you owe to HMRC on behalf of TAX and NIC, this amount will be payable to HMRC on a monthly or quarterly basis, and must reach HMRC by 19th of the following month.


Sole Trader

The deadline for filing your self-assessment tax return with HMRC is the 31st January following the end of the tax year (5th April).

If you are required to make payments on account towards the following tax year, the payments will be due as follows:

First payment account will be due to be paid by the 31st January.

The second payment on account will be due to be paid by the 31st July.



Limited Company

Accounts

When your limited company accounts are due depends on your financial year end. The accounts are due to be filed with Companies House 9 months following the year end.

For example, if you have a 31st March year end, your accounts will be due to be filed by the 31st December.

However, don’t forget your first year after incorporation nearly always has a different year end date, so ensure you check this at Companies House: https://beta.companieshouse.gov.uk/


P11D

If you are required to file a P11D, the deadline for filing with HMRC is the 6th July


Confirmation Statement

A confirmation statement will need to be filed annually with Companies House. This can be done on the anniversary of your incorporation, and you have a maximum of 14 days to file this information online with Companies House.