{"id":1166,"date":"2023-04-04T08:00:00","date_gmt":"2023-04-04T07:00:00","guid":{"rendered":"https:\/\/ctt-group.co.uk\/accountancy\/?p=1166"},"modified":"2023-03-20T08:32:23","modified_gmt":"2023-03-20T08:32:23","slug":"2023-24-important-dates-for-your-diary","status":"publish","type":"post","link":"https:\/\/ctt-group.co.uk\/accountancy\/2023-24-important-dates-for-your-diary\/","title":{"rendered":"2023\/24: Important dates for your diary"},"content":{"rendered":"
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With the start of the new tax year fast approaching, it\u2019s time to get your financial calendar in order. The following is a list of significant dates and deadlines for businesses to be aware of in the coming months, and what you need to do to be prepared for them.<\/p>\n

Start of new tax year: 6 April<\/strong><\/p>\n

Make any adjustments to your monthly tax budget, based on last year\u2019s figures. Sole traders should allow for self-employment tax and NI contributions. If your business is incorporated, you\u2019ll need to allow for corporation tax, which is due to rise from 19% to 25% in April on profits above \u00a350,000.<\/p>\n

Any dividends should be withdrawn before the end of the current tax year; the current allowance is set at \u00a32,000, though this is also due to change from April. You can find out more here.<\/a><\/p>\n

This is also a good opportunity to ensure that all your business records are up to date and to maximise any pension contributions you may have outstanding.<\/p>\n

Payroll year end submission deadline: 19 April <\/strong><\/p>\n

If you have employees, your Final Payment Submission for the 22-23 tax year must be filed with HMRC by 19 April.<\/p>\n

P11D filing deadline for employers reporting employment benefits: 6 July<\/strong><\/p>\n

If you\u2019re an employer and provide expenses or benefits to employees or directors, you must report them to HMRC via your P11D form by 6 July. Examples of expenses and benefits include childcare, health insurance, and company vehicles.<\/p>\n

P11D payment date: 22 July <\/strong><\/p>\n

Payment of any outstanding tax or NI due on employments benefits reported on your P11D form must be made to HMRC by 22 July.<\/p>\n

Second payment on account due for Self-Assessment: 31 July<\/strong><\/p>\n

If you carry out Self-Assessment tax, the second payment on your tax bill for the year 2023-24 is payable to HMRC by 31 July.<\/p>\n

Deadline for filing paper Self-Assessment returns: 31 October<\/strong><\/p>\n

If you prefer to submit your Self-Assessment tax return via a paper form rather than filling one in online, this must be filed with HMRC by 31 October.<\/p>\n

Deadline to submit Self-Assessment returns online if requesting tax to be collected through PAYE code: 30 December<\/strong><\/p>\n

You can pay your Self-Assessment tax bill through your tax code, as long as you:<\/p>\n