We also like to keep you informed about your tax obligations and the various deadline dates you should be aware of.
Here’s what you need to know about the next two months…..
October
1 October
Corporation tax due for accounting periods ended 31 December 2023 where not payable by instalments
5 October
Deadline for registering for self assessment for 2023–24 to notify HMRC of chargeability to income tax and/or capital gains tax
7 October
VAT returns and payments due for month or quarter ended 31 August 2024
14 October
Corporation tax instalment payments due for large companies as follows:
• Year ended 30 June 2024 – instalment 4
• Year ended 30 September 2024 – instalment 3
• Year ended 31 December 2024 – instalment 2
•Year ended 31 March 2025 – instalment 1
CT61 returns and payments due for quarter ended 30 September 2024
18 October
Tax and Class 1B NICs on PAYE settlement agreements (PSA) due for 2023–24 paid non electronically
PAYE, NICs, student loan deductions and CIS deductions due for month ended 5 October 2024 paid non electronically
19 October
CIS returns due for month ended 5 October 2024
EPS due for month ended 5 October 2024 so HMRC can apply a reduction on what is owed from FPS
22 October
Tax and Class 1B NICs on PAYE settlement agreements (PSA) due for 2023–24 paid electronically
PAYE, NICs, student loan deductions and CIS deductions due for month ended 5 October 2024 paid electronically
30 October
Returns and payments due by tenants and agents for rents to non-resident landlords for quarter ended 30 September 2024
31 October
Paper personal Self assessment tax returns, and trustee and partnership tax returns due for 2023–24
Corporation tax return due for accounting periods ended 31 October 2023
Deadline for amending corporation tax returns for accounting periods ended 31 October 2022
Plastic packaging tax returns and payments due for quarter ended 30 September 2024
Inheritance tax due for deaths in April 2024
November 2024 is also a busy month for tax compliance.
Here’s a breakdown of the key deadlines:
Corporation Tax
November 1: Corporation tax due for accounting periods ended January 31, 2024.
November 14: Corporation tax instalment payments due for large and very large companies (specific dates vary based on accounting period).
November 30: Corporation tax return due for accounting periods ended November 30, 2023.
VAT
November 7: VAT returns and payments due for the month or quarter ended September 30, 2024.
Self-Assessment
November 5: Employment intermediary reports due for the quarter ended October 5, 2024.
Other Taxes
November 19: CIS returns due for the month ended November 5, 2024.
November 19: PAYE, NICs, student loan deductions, and CIS deductions due for the month ended November 5, 2024 (non-electronic payments).
November 22: PAYE, NICs, student loan deductions, and CIS deductions due for the month ended November 5, 2024 (electronic payments).
Remember, these are just some of the key deadlines. It’s crucial to consult with us or refer to HMRC guidance for a comprehensive list of all relevant requirements.
We can help you stay on top of these deadlines and ensure your tax affairs are in order. Contact Us Here today for expert advice and assistance.