Key Tax Dates for October 2019
October is a busy month in the tax calendar. There are a number of key deadlines you may need to be aware of as a business owner or self-employed individual. Some deadlines require a great deal of preparation, so make sure you know which ones apply to you well in advance.
Meeting deadlines on time will ensure you avoid late payment fees. Late payment fees can be very expensive and often include interest, so it’s really worth keeping on top of deadlines to protect the health of your company’s finances.
Of course, a bookkeeper will ensure any deadlines relevant to your company are met, saving you time and money. If you would like help with meeting your deadlines, get in touch today.
Now on to the really important stuff, the deadlines:
1st October 2019
Payment of corporation tax by small and medium businesses with 31st December 2018 year end.
5th October 2019
Deadline to register with HMRC for self-assessment if you became self-employed or started receiving income from property in the 2018-19 tax year.
7 October 2019
Due date for electronic VAT return and payments for quarter ended 31st August 2019.
14th October 2019
Form CT61 to be submitted and tax paid for the quarter ended September 30th 2019.
19th October 2019
Deadline for non-electronic payments of PAYE settlement agreement for income tax and Class 1B National Insurance for the year ended 5th April 2019.
File monthly CIS return.
22nd October 2019
Deadline for electronic payments of PAYE settlement agreement for income tax and Class 1B National Insurance for the year ended 5th April 2019.
31st October 2019
Deadline for paper self-assessment returns for the 2018/19 tax year. The self-assessment must arrive by 31 October 2019, so be sure to post it well in advance.
You must file your self-assessment on time even if you do not owe any tax. Late filing of your self-assessment incurs a penalty of at least £100.
Note: paper submissions are slowly being phased out in favour of online tax software and digital submissions. Digital submissions are due by 31st January 2020.