Running your own business means there’s a lot to think about, but keeping track of tax dates and reporting deadlines throughout the year is essential. We’ve put together a calendar to help you stay on top of the key tax year dates which apply to your business. These deadlines are the latest dates you should take action to avoid penalties, but there might be times when acting earlier is better for your business, so we explain the ins and outs below!
PAYE key tax dates |
Deadline |
|---|---|
| End of the last tax year and deadline for claiming your PAYE tax refund for the 2018/19 tax year | 5 April 2023 |
| First day of the new tax year 2023/24 | 6 April 2023 |
| Copies of 2022/23 P60 documents must be issued to employees | 31 May 2023 |
| - Copies of 2022/23 P11D documents must be issued to employees -Last date for agreeing payment settlement agreements for 2022/23 if applicable |
6 July 2023 |
| Deadline for paying Class 1A National Insurance Contributions. This will only apply to benefits that you provide to your employees, such as private medical insurance | 22 July 2023 |
| Second Income Tax and National Insurance payment on account deadline | 31 July 2023 |
Self Assessment key tax dates |
Deadline |
|---|---|
| Deadline for claiming tax overpaid for the 2018/19 tax year under Self Assessment | 5 April 2023 |
| - First day of the new tax year 2023/24 - Time to gather detailed documents for your 2022/23 tax return |
6 April 2023 |
| Deadline to register with the HMRC if you became self-employed or started receiving income from property. (You should submit a form CWF1 for self-employment or form SA1 for non-self-employed income to HMRC.) | 5 October 2023 |
| Deadline for paper Self Assessment returns for 2022/23 tax year | 31 October 2023 (midnight) |
| Deadline for online submission of Self Assessment tax returns for year ending 5 April 2022 for HMRC to collect employment or pension income tax through PAYE tax codes if less than tax codes if less than £3,000 is owed | 30 December 2023 |
| Deadline for filing your company’s annual accounts if you have a limited company with an accounting year end of 31 March | 31 December 2023 |
| - Deadline for online Self Assessment tax returns for 2022/23 tax year - Deadline for paying tax bill for tax year ending 5 April 2022/23 |
31 January 2024 (midnight) |
| End of tax year 2023/24 | 5 April 2024 |
Small businesses typically file a VAT return four times a year, with deadlines governed by the Making Tax Digital (MTD) for VAT legislation. This requires all VAT-registered businesses to use MTD-compliant software. The most common quarterly VAT return dates are as follows:
Each VAT return must be filed one month and seven days after the end of the corresponding quarterly period. For instance, the VAT return that covers 1 January-31 March 2023 must be submitted to HMRC by 7 May 2023.
Submit your online return by 30 December if you want HMRC to automatically collect tax you owe from your wages and pension. You must be eligible.
HMRC must receive a paper tax return by 31 January if you are a trustee of a registered pension scheme or a non-resident company. You cannot send a return online.
Our experts has guided many businesses in navigating tax regulations pay and processing. We recognize the importance of establishing your business accurately from the outset and profitablly. Discuss with Exuberant to explore the tax law and rules in Ireland responsibilities.
If you have any inquiries or uncertainties regarding your business's taxes or tax advisory, don't hesitate to contact our dedicated support team. We're here to provide the assistance you need.
Exuberant Global team are always happy to talk to you about what's best for your needs
