Reminders for your diary
| March 2022 | |
|---|---|
| 1 | New Advisory Fuel Rates (AFR) for company car users apply from today. |
| 3 | 5% late payment penalty on any 2020/21 outstanding tax which was due on 31 January 2022 and still remains unpaid. |
| 19 | PAYE, Student loan and CIS deductions are due for the month to 5 March 2022. |
| 31 | End of corporation tax financial year. End of CT61 quarterly period. Filing date for Company Tax Return Form CT600 for period ended 31 March 2021. Last minute planning for tax year 2021/22 – please contact us for advice. |
| April 2022 | |
|---|---|
| 1 | Making Tax Digital (MTD) record keeping required for VAT return periods starting on or after 1 April 2022. VAT Return information to be provided to HMRC through MTD compatible software. 5% late payment penalty on any 2020/21 outstanding tax which was due on 31 January 2022 and still remains unpaid. |
| 5 | Last day of 2021/22 tax year. Deadline for 2021/22 ISA investments and pension contributions. Last day to make disposals using the 2021/22 CGT exemption. |
| 14 | Due date for income tax for the CT61 period to 31 March 2022. |
| 19 | Automatic interest is charged where PAYE tax, Student loan deductions, Class 1 NI or CIS deductions for 2021/22 are not paid by today. Penalties may also apply if any payments have been made late throughout the tax year. PAYE quarterly payments are due for small employers for the pay periods 6 January 2022 to 5 April 2022 if paying by cheque through the post or by 22nd April if paying online. PAYE, Student loan and CIS deductions are due for the month to 5 April 2022 if paying by cheque through the post or by 22nd April if paying online. Deadline for employers' final PAYE return to be submitted online for 2021/22 if paying by cheque through the post or by 22nd April if paying online. |
