Key Dates for UK Tax Year 2020/2021
Photo by Essentialiving on Unsplash
As we near the end of the current tax year, I thought it might be prudent to look ahead at what the next year might bring. There are lots of dates and deadlines to be aware of, and it can be overwhelming trying to remember them all. To help you stay compliant and avoid late penalties, I’ve put together this UK tax calendar. It includes HMRC’s key dates for the self-employed and PAYE, so it gives you plenty of time to prepare for deadlines.
Note: not all of these dates will apply to you, but I recommend making a note of the ones that do.
April 2020
5th April 2020:
- Last day of the 2019/2020 tax year.
- Deadline for submitting a PAYE tax rebate claim for the year 2015/2016.
- Deadline for claiming overpaid tax for the year 2015/2016 under self-assessment.
6th April 2020:
- First day of new tax year.
- If you’re really organised, you can submit your 2019/2020 self-assessment from this date.
May 2020
31st May 2020:
- If you are self-employed, you must issue P60s for 2019/20 to all employees on your payroll.
- If you’re an employee, you should receive your P60 on this date.
July 2020
31st July 2020:
- Second payment on account for tax year ending 5th April 2020 is due.
October 2020
5th October 2020:
- Deadline for registering as self-employed with HMRC if you plan to submit a self-assessment for the 2019/20 tax year. You must submit form CWF1 to tell HMRC you are self-employed.
- Deadline for submitting form SA1 to tell HMRC you have started receiving income from property.
31st October 2020:
- Deadline for submitting paper self-assessment returns for tax year 2019/20. If you miss this deadline, don’t try to file it late – fill in an online self-assessment instead.
December 2020
30th December 2020:
- If your tax bill for 2018/19 is less than £3,000 and you wish to pay it through your PAYE tax code, 30th December is the deadline for making that request to HMRC.
January 2021
31st January 2021:
- Midnight deadline for submitting your online self-assessment tax return.
- Deadline for paying any tax owed for the 2019/20 tax year.
April 2021
5th April 2021:
- End of tax year 2020/21.
- Deadline for submitting PAYE tax rebate claims for the tax year 2016/17.