Tax calendar

April 2020

Sunday 19 Automatic interest is charged where PAYE tax, Student loan deductions, Class 1 NI or CIS deductions for 2019/20 are not paid by today. Penalties may also apply if any payments have been made late throughout the tax year.

This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.

Sunday 19 PAYE quarterly payments are due for small employers for the pay periods 6th January 2020 to 5th April 2020

This deadline is relevant to small employers and contractors only. As a small employer with income tax, national insurance and student loan deductions of less than £1,500 a month you are required to make payment to HMRC of the income tax, national insurance and student loan deductions on a quarterly basis.

Postal payments for month/quarter ended 5 April should reach your HMRC Accounts Office by this date.

Where the payment is made electronically the deadline for receipt of cleared payment is 22nd April 2020. In year interest will be charged if payment is made late. Penalties also apply.

Sunday 19 PAYE, Student loan and CIS deductions are due for the month to 5th April 2020

This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.

Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.

Postal payments for month/quarter ended 5 April should reach your HMRC Accounts Office by this date.

Where the payment is made electronically the deadline for receipt of cleared payment is 22nd April 2020. In year interest will be charged if payment is made late. Penalties also apply.

Sunday 19 Deadline for employers' final PAYE return to be submitted online for 2019/20

This deadline is relevant to employers.

This is the last day by which your final Full Payment Summary (FPS) for the 2019/20 tax year should be sent to HMRC.

You will not be able to file an FPS relating to 2019/20 after 19th April. If you need to make an amendment or correction to the details reported on a 2019/20 FPS you will need to submit an Earlier Year Update (EYU).

Please be aware that if we deal with the payroll on your behalf that we will ensure that this matter is dealt with on a timely basis.

May 2020

Sunday 3 Deadline for submitting P46(car) for employees whose car/fuel benefits changed during the quarter to 5 April 2020

This deadline is relevant to employers who provide any employees with the use of a car. The form P46 (car) only needs to be completed where a car is first provided or an additional car is provided, or an employee ceases to have the use of a car without replacement. The completion of the form enables HMRC to amend the individual’s coding notice to reflect the change in benefit. This notification may be made by completing and printing off the relevant by paper or online forms. Where one car is merely replaced with another, this may be notified online.

A change in car for car benefits which are being ‘payrolled’ should not be reported on a P46(car).

Tuesday 19 PAYE, Student loan and CIS deductions are due for the month to 5th May 2020

This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.

Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.  

Where the payment is made electronically the deadline for receipt of cleared payment is 22nd May 2020. In year interest will be charged if payment is made late. Penalties also apply.

Sunday 31 Deadline for forms P60 for 2019/20 to be issued to employees

This deadline is relevant to employers.

June 2020

Monday 1 Advisory Fuel Rates

New Advisory Fuel Rates (AFR) for company car users apply from today. The rates can be found by visiting https://www.gov.uk/government/publications/advisory-fuel-rates

Friday 19 PAYE, Student loan and CIS deductions are due for the month to 5th June 2020

This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.

Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.  

Where the payment is made electronically the deadline for receipt of cleared payment is 22nd June 2020. In year interest will be charged if payment is made late. Penalties also apply.

July 2020

Sunday 5 Deadline for reaching a PAYE Settlement Agreement for 2019/20

This deadline is relevant for employers who wish to pay the tax and NI on benefits provided to their employees. Agreement must be reached with HMRC of the benefits and related liabilities which are not to be shown on the forms P11D by this date.

Please be aware that if we deal with the PAYE Settlement Agreement on your behalf that we will ensure this matter is dealt with on a timely basis.

Monday 6 Deadline for forms P11D and P11D(b) for 2019/20 to be submitted to HMRC and copies to be issued to employees concerned

This deadline is relevant to employers. Details of benefits and expenses provided to employees must be reported to HMRC on the relevant forms P11D. The P11D(b) form is used to calculate the Class 1A NI liability.

Please be aware that if we deal with the forms P11D on your behalf that we will ensure this matter is dealt with on a timely basis.

Monday 6 Deadline for employers to report share incentives for 2019/20

This deadline is relevant for companies who have reportable events for the tax year 2019/20.

Sunday 19 Class 1A NIC due for 2019/20

This deadline is relevant for employers who have provided their employees with benefits for 2019/20. These benefits should have been reported by the 6th July and the amount of the Class 1A employer only NI liability due calculated on the form P11D(b). Where the payment is made electronically the deadline for receipt of cleared payment is 22nd July 2020. Interest will be charged if payment is made late. Penalties may also apply.

Sunday 19 PAYE Student loan and CIS deductions due for the month to 5th July 2020

This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.

Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.  

Where the payment is made electronically the deadline for receipt of cleared payment is 22nd July 2020. In year interest will be charged if payment is made late. Penalties also apply.

Sunday 19 PAYE quarterly payments are due for small employers for the pay periods 6th April 2020 to 5th July 2020

This deadline is relevant to small employers and contractors only. As a small employer with income tax, national insurance and student loan deductions of less than £1,500 a month you are required to make payment to HMRC of the income tax, national insurance and student loan deductions on a quarterly basis.

Where the payment is made electronically the deadline for receipt of cleared payment is 22nd July 2020. In year interest will be charged if payment is made late. Penalties also apply.

Friday 31 Second payment on account 2019/20 due

This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax, Class 4 NI, capital gains tax and High Income Child Benefit Charge liabilities.

The second payment on account in respect of income tax and any Class 4 NI is due for payment by 31st July 2020. Interest is charged on any late payments.

If we have already dealt with this matter on your behalf you need take no action.

August 2020

Sunday 2 Deadline for submitting P46 (car) for employees whose car/fuel benefits changed during the quarter to 5th July 2020

This deadline is relevant to employers who provide any employees with the use of a car. The form P46 (car) only needs to be completed where a car is first provided or an additional car is provided, or an employee ceases to have the use of a car without replacement.  The completion of the form enables HMRC to amend the individual’s coding notice to reflect the change in benefit. This notification may be made by completing and printing off the relevant by paper or online forms.

Where one car is merely replaced with another, this may be notified online.

A change in car for car benefits which are being ‘payrolled’ should not be reported on a P46(car).

Wednesday 19 PAYE, Student loan and CIS deductions are due for the month to 5th August 2020

This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.

Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.

Where the payment is made electronically the deadline for receipt of cleared payment is Friday 21st August 2020 unless you are able to arrange a ‘Faster Payment’ to clear on or by Saturday 22nd August 2020.  In year interest will be charged if payment is made late. Penalties also apply.

September 2020

Tuesday 1 Advisory Fuel Rates

New Advisory Fuel Rates (AFR) for company car users apply from today. The rates can be found by visiting https://www.gov.uk/government/publications/advisory-fuel-rates

Saturday 19 PAYE, Student loan and CIS deductions are due for month to 5th September 2020

This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.

Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.  

Where the payment is made electronically the deadline for receipt of cleared payment is 22nd September 2020. In year interest will be charged if payment is made late. Penalties also apply.

October 2020

Monday 5 Deadline for notifying HMRC of new sources of taxable income or gains or liability to the High Income Child Benefit Charge for 2019/20 if no tax return has been issued

This deadline is relevant to individuals who have not received a self assessment tax return for the year ended 5th April 2020 but who believe they have received income or capital gains which will result in a tax liability. This deadline is also relevant to individuals who are liable to the High Income Child Benefit Charge.

Individuals must notify HMRC of their liability so that a self assessment return can be issued in good time for the submission deadline of 31st January 2021.

If we have already dealt with this matter on your behalf you need take no action.

Monday 19 Tax and NI due under a 2019/20 PAYE Settlement Agreement

This deadline is relevant for employers who have entered into a PAYE settlement agreement to pay tax and national insurance in respect of benefits in kind for their employees for the year ended 5th April 2020.

Where the payment is made electronically the deadline for cleared receipt of cleared payment is 22nd October 2020.

Monday 19 PAYE, Student loan and CIS deductions are due for the month to 5th October 2020

This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.

Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.  

Where the payment is made electronically the deadline for receipt of cleared payment is 22nd October 2020. In year interest will be charged if payment is made late. Penalties also apply.

Monday 19 PAYE quarterly payments are due for small employers for the pay periods 6th July 2020 to 5th October 2020

This deadline is relevant to small employers only. As a small employer with income tax, national insurance and student loan deductions of less than £1,500 a month you are required to make payment to HMRC of the income tax, national insurance and student loan deductions on a quarterly basis.

Where the payment is made electronically the deadline for receipt of cleared payment is 22nd October 2020. In year interest will be charged if payment is made late. Penalties also apply.

Saturday 31 Deadline for submitting 'paper' 2019/20 self assessment returns

This deadline is relevant to individuals who need to complete a self assessment tax return for 2019/20 and wish to file the return in a ‘paper’ form. Self assessment returns submitted after this date must be submitted electronically.

Please note that this deadline is not relevant if we are going to submit an online return for you or you are going to deal with the completion of an online return yourself. The deadline for submission of online returns is 31 January 2021.

If we are already dealing with this matter on your behalf you need take no action.

Saturday 31 Deadline for submission of 2019/20 self assessment returns if you require HMRC to compute your tax liability and/or if tax underpaid is to be collected by adjustment to your 2021/22 PAYE code

This deadline is only relevant for those individuals who complete a ‘paper’ self assessment tax return and who are employees. Where you have an underpayment you may request that HMRC collect the tax outstanding by making an adjustment to your tax code for the year 2021/22.

Please note that where your return is submitted online then the filing deadline for ‘coding out’ is 30 December 2020.

If we are already dealing with this matter on your behalf you need take no action.

November 2020

Monday 2 Deadline for submitting P46(car) for employees whose car/fuel benefits changed during the quarter to 5th October 2020

This deadline is relevant to employers who provide any employees with the use of a car. The form P46 (car) only needs to be completed where a car is first provided or an additional car is provided, or an employee ceases to have the use of a car without replacement.  The completion of the form enables HMRC to amend the individual’s coding notice to reflect the change in benefit.  This notification may be made by completing and printing off the relevant by paper or online forms.

Where one car is merely replaced with another, this may be notified online.

A change in car for car benefits which are being ‘payrolled’ should not be reported on a P46(car).

Thursday 19 PAYE, Student loan and CIS deductions are due for the month to 5th November 2020

This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.

Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.  

Where the payment is made electronically the deadline for receipt of cleared payment is Friday 20th November 2020 unless you are able to arrange a ‘Faster Payment’ to clear on or by Sunday 22nd November. In year interest will be charged if payment is made late. Penalties also apply.

December 2020

Tuesday 1 Advisory Fuel Rates

New Advisory Fuel Rates (AFR) for company car users apply from today. The rates can be found by visiting https://www.gov.uk/government/publications/advisory-fuel-rates

Saturday 19 PAYE, Student loan and CIS deductions are due for the month to 5th December 2020

This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.

Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.  

Where the payment is made electronically the deadline for receipt of cleared payment is 22nd December 2020. In year interest will be charged if payment is made late. Penalties also apply.

Wednesday 30 Online filing deadline for submitting 2019/20 self assessment return if you require HMRC to collect any underpaid tax by making an adjustment to your 2021/22 tax code

This deadline is relevant for those individuals who complete a self assessment tax return online and who are employees. Where you have an underpayment you may request that HMRC collect the tax outstanding by making an adjustment to your tax code for the year 2021/22.

January 2021

Tuesday 19 PAYE, Student loan and CIS deductions are due for the month to 5th January 2021

This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.

Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.  

Where the payment is made electronically the deadline for receipt of cleared payment is 22nd January 2021. In year interest will be charged if payment is made late. Penalties also apply.

Tuesday 19 PAYE quarterly payments are due for small employers for the pay periods 6th October 2020 to 5th January 2021

This deadline is relevant to small employers and contractors only. As a small employer with income tax, national insurance and student loan deductions of less than £1,500 a month you are required to make payment to HMRC of the income tax, national insurance and student loan deductions on a quarterly basis.

Where the payment is made electronically the deadline for receipt of cleared payment is 22nd January 2021. In year interest will be charged if payment is made late. Penalties also apply.

Sunday 31 Deadline for submitting your 2019/20 self assessment return (£100 automatic penalty if your return is late) and the balance of your 2019/20 liability together with the first payment on account for 2020/21 are also due

This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 NI, capital gains tax and High Income Child Benefit Charge liabilities. 

There is a penalty of £100 if your return is not submitted on time, even if there is no tax due or your return shows that you are due a tax refund.

The balance of any outstanding income tax, Classes 2 and 4 NI, capital gains tax and High Income Child Benefit Charge for the year ended 5th April 2020 is due for payment by 31st January 2021.  Where the payment is made late interest will be charged.

The first payment on account for 2020/21 in respect of income tax and any Class 4 NI or High Income Child Benefit Charge is also due for payment by 31st January 2021.

If we have already dealt with your self assessment return on your behalf you need take no action.

February 2021

Tuesday 2 Deadline for submitting P46(car) for employees whose car/fuel benefits changed during the quarter to 5th January 2021

This deadline is relevant to employers who provide any employees with the use of a car. The form P46 (car) only needs to be completed where a car is first provided or an additional car is provided, or an employee ceases to have the use of a car without replacement.  The completion of the form enables HMRC to amend the individual’s coding notice to reflect the change in benefit.  This notification may be made by completing and printing off the relevant by paper or online forms. Where one car is merely replaced with another, this may be notified online. A change in car for car benefits which are being ‘payrolled’ should not be reported on a P46(car).

Friday 19 PAYE, Student loan and CIS deductions are due for the month to 5th February 2021

This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.

Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.  

Where the payment is made electronically the deadline for receipt of cleared payment is 22nd February 2021.  In year interest will be charged if payment is made late. Penalties also apply.

March 2021

Monday 1 Advisory Fuel Rates

New Advisory Fuel Rates (AFR) for company car users apply from today. The rates can be found by visiting https://www.gov.uk/government/publications/advisory-fuel-rates

Wednesday 3 5% late payment penalty on any 2019/20 outstanding tax which was due on 31st January 2021 and still remains unpaid

This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 NI, capital gains tax or High Income Child Benefit Charge liabilities. 

The balance of any outstanding income tax, Classes 2 and 4 National Insurance, capital gains tax and High Income Child Benefit Charge for the year ended 5th April 2020 was due for payment by 31st January 2021.  Where the payment is made late interest will be charged. On 3 March 2021 a late payment penalty of 5% will be added to the outstanding liability. 

If we have already dealt with this matter on your behalf you need take no action.

Friday 19 PAYE, Student loan and CIS deductions are due for the month to 5th March 2021

This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to contractors who have paid subcontractors under the CIS.

Employers are required to make payment to HMRC of the income tax, national insurance and student loan deductions. Contractors are required to make payment to HMRC of the tax deductions made from subcontractors under the CIS.  

Where the payment is made electronically the deadline for receipt of cleared payment is 22nd March 2021.  In year interest will be charged if payment is made late. Penalties also apply.

Wednesday 31 Last minute planning for tax year 2020/21

The final deadline of 5th April 2021 is relevant to individuals who have not considered year end tax planning issues.  These issues include:

• utilising your annual capital gains tax exemption
• utilising your annual inheritance tax exemption for gifts
• utilising your annual Individual Savings Account investment limit (ISA)
• making additional pension contributions for 2020/21.

Please do get in touch if you would like any further advice on these or any other issues.