Tax dates seem to creep up on us every year. Remembering these dates as a business is important to avoid late fees or fines. To make sure your financial year is organised, we’ve listed the tax calendar for the year below.
Tax dates to remember in 2024
A 2024 tax calendar is helpful for remembering important tax dates for your business. We’ve listed some of the most important tax dates below – take a look.
| Key tax dates | Deadline |
| Tax returns for 2022/2023 | 31st January 2024 (11:59am) |
| Deadline for paying tax bill for tax year ending 5th April 2022/2023 | 31st January 2024 (11:59am) |
| End of tax year 2023/24 | 5th April 2024 |
| Pension contributions that qualify for tax relief in the 2023/2024 tax year | 5th April 2024 |
| Final PAYE payroll report for the 2023/2024 | 19th April 2024 |
| Self-employed people need to make the second (and final) payment on account-based earnings in the 2022/23 tax year. | 31st July 2024 |
| Deadline to register for self-assessment. This includes if you have a ‘side hustle’. Hobby tax will apply on anything over £1000, which you must declare. | 5th October 2024 |
| Postal self-assessment tax return – this is for those who complete tax returns by paper rather than online | 31st October 2024 |
| Corporation Tax deadlines and the filing of limited company accounts | Every 12 months. This depends on your business’s accounting period. |
| Corporation tax payment | 9 months and 1 day after your accounting period |
| Corporation tax return | 12 months after your business’s chargeable accounting period |
| Tax returns for 2023/2024 | 31st January 2025 (11:59am) |
More important financial updates to know for your business
Other than tax deadlines, there are other financial updates that you should know about for your business. Whether you’re self-employed or employ a workforce, we’ve listed 2024 dates to know below.
| Key financial dates | Deadline |
| National Living Wage will increase. £10.42 will increase to £11.44. The 18-20 age bracket will rise from £7.49 to £8.60 per hour | 1st April 2024 |
| Employee P60 form. The deadline for providing a P60 for each relevant employee who was working for you on 5th April 2024 | 31st May 2024 |
| Deadline for submitting forms P11D and P11D(b). This is to report the monetary value of benefits you’ve provided to directors and employees as a business. | 6th July 2024 |
Important tax return deadlines for small businesses
Small businesses generally file tax returns quarterly using the government’s Making Tax Digital (MTD) system. We have a simple guide on this for further information – check it out! The four VAT tax date ranges are:
- 1st January – 31st March
- 1st April – 30th June
- 1st July – 30th September
- 1st October – 31st December
What do I do if I miss a tax deadline?
It’s important to file your taxes on time so you can avoid fines. Usually, if you don’t pay within 30 days of the deadline, your penalty will be £100 of what you owe. This will increase the longer you go without paying. We have more details on this with our handy corporation tax penalties guide here.
How do I never miss a tax deadline?
Accountancy Solutions is here to help you with all your tax needs. We’re here to provide advice and answer your questions but also provide accountancy services. We’ll even deal with HMRC so you don’t have to. Get in touch here to find out more.
Found our tax deadlines 2024 guide helpful? We have even more articles to help your business. Next, see our piece on National Insurance relief for small businesses.