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Tax Calender 2015/2016

Key Tax Deadlines For Tax Agents, individual taxpayers, partnerships & companies

December 2015                                                                                   

 

  • 19/22 PAYE/NIC, student loan and CIS deductions due for month to 5/12/2015
  • 30 Deadline for 2014/15 self assessment online returns to be filed if you are         employee and want tax underpaid to be collected by adjustment to your             2016/17 PAYE code (for underpayments of up to £3000 only)

 

January 2016                                                                                      

 

  • 1 Due date for payment of Corporation Tax for the year ended 31 March 2015     14 Return and payment of CT61 tax due for quarter to 31 December 2015
  • 19/22 PAYE/NIC, student loan and CIS deductions due for month to 5/1/2016 or quarter 3 of 2015/16 for small employers
  • 31 Deadline for filing 2015 Self Assessment personal, partnership and trust Tax Returns - £100 first penalty for late filing even if no tax is due or tax due is paid on time

      Balancing self assessment payment due for 2014/15

      Capital gains tax payment due for 2014/15

      First self assessment payment on account due for 2015/16

      Interest accrues on all late payments

      Half yearly Class 2 NIC payment due

      Further penalty of 5% of tax due or £300, whichever is greater for personal tax

      returns still not filed for 2013/14

      5% penalty for late payment of tax unpaid for 2013/14 self assessment

 

February 2016                                                                                    

 

  • 2 Last day for car change notifications in the quarter to 5 January - Use P46 Car
  • 19/22 PAYE/NIC, student loan and CIS deductions due for month to 5/2/2016
  • 28 Talk to us about year end and pre-budget planning

      First 5% penalty surcharge on any 2014/15 outstanding tax due on 31 January

      2016 still unpaid


March 2016                                                                                        

 

  • 19/22 PAYE/NIC, student loan and CIS deductions due for month to 5/3/2016
  • 31 Last minute tax planning for the 2015/16 tax year. Ensure you use up all exemptions to which you are entitled


April 2016                                                                                          

 

  • 5 End of 2015/16 tax year. Last day to use up your annual exemptions for capital gains tax, inheritance tax and ISA's
  • 14 Return and payment of CT61 tax due for quarter to 31 March 2016
  • 19 Deadline for Employers' 2015/16 end of year PAYE Returns (P35, P14, P38 & P38A). Penalties for non submission.
  • 19 PAYE/NIC, student loan and CIS deductions due for month to 5/4/2016 or quarter 4 of 2015/16 for small employers. Interest will run on any unpaid PAYE/NIC for the tax year 2015/16
  • 30 Additional daily penalties of £10 per day up to a maximum of £900 for failing to file self assessment tax return due on 31 January 2016