Key Accounting and Tax dates for 2023
Key Accounting and Tax dates for 2023
The following dates are reminders as to when certain key tax tasks need to be completed and the implications if they are not.
To keep up to date, please visit our Insights page and the Information blogs.
1 January 2023
- Changes to VAT penalties and VAT interest charges with effect from 01 January 2023 – see our blog in the link below;
31 January 2023
- Electronic income tax self-assessment returns and any paper returns or self-assessment returns which are excluded from online filing, for 2021/22 must be filed by this date.
- All outstanding self-assessment income tax, and class 4 NIC for 2021/22 must be paid.
- Where a first payment on account is required for the tax year 2022/23, the tax and class 4 NIC, if applicable, must reach HMRC.
1 February 2023
- Individual taxpayers who have not paid their remaining tax and NI liabilities for 2020/21 by this date face a further 5% penalty, in addition to the 5% penalties suffered on amounts outstanding at 1 March 2022 and 1 August 2022.
- If you haven’t filed your Self Assessment for 2021/22 you will be fined £100.
15 March 2023
- Budget Statement to be made by The Chancellor.
1 April 2023
- The main rate of corporation tax will rise to 25% and the associated company rules will apply to determine which companies pay corporation tax at the existing lower rate of 19%, or benefit from marginal relief.
6 April 2023
- The new tax year starts and you can now submit your 2022/23 self-assessment tax return.
19 April 2023
- Employers must make a final RTI payroll report for 2022/23 using FPS or EPS. For all of our clients, our Payroll Bureau will complete this for your company.
30 April 2023
- Daily £10 late filing penalties start to apply to outstanding 2020/21 self-assessment returns.
31 May 2023
- Employers must provide a 2022/23 form P60 to employees who they employed as at 5 April 2023. Our Payroll department will automatically complete this for all clients we complete Payroll services for.
6 July 2023
- Employers to submit forms P11D and returns of Class 1A NICs (forms P11D(b)) to HMRC for 2022/23.
- Employers must supply relevant employees with P11D information for 2022/23.
- P11D’s is a service we offer, please get in touch if you need our assistance.
31 July 2023
- Second payment on account of self-assessed income tax and Class 4 NIC for 2022/23 due.
1 August 2023
- Individual taxpayers who have not paid their remaining tax liabilities for 2021/22 face a further 5% penalty.
If there are any questions with regards to any of the dates above or you need our assistance – please get in touch contact us.