2015/16 Tax Calendar – The Second Budget 8 July 2015

 

2015/16 Tax Calendar

 

April 2015
5 Last day of 2014/15 tax year.

Deadline for 2014/15 ISA investments.

Last day to make disposals using the 2014/15 CGT exemption.

14 Due date for income tax for the CT61 period to 31 March 2015.
17/22 Quarter 4 2014/15 PAYE remittance due.
20 Interest will begin to accrue on unpaid PAYE/NI for 2014/15.
30 Normal annual adjustment for VAT partial exemption calculations (monthly returns).

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May 2015
1 Start of daily penalties for 2014 online Tax Return not yet filed. Additional penalties may apply for further delay.
3 Submission date of P46 (Car) for quarter to 5 April.
31 Last day to issue 2014/15 P60s to employees.

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June 2015
30 End of CT61 quarterly period.

Annual adjustment for VAT partial exemption calculations (March VAT year end).

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July 2015
6 Deadline for submission of Form 42 (transactions in shares and securities).

Deadline for submission of EMI40 (EMI Annual Return).

File Taxed Award Scheme Returns, file P11Ds, P11D(b)s and P9Ds. Issue copies of P11Ds or P9Ds to employees.

Deadline for entering into a PAYE Settlement Agreement for 2014/15.

14 Due date for income tax for the CT61 period to 30 June 2015.
17/22 Quarter 1 2015/16 PAYE remittance due.

Final date for payment of 2014/15 Class 1A NICs.

31 Second self assessment payment on account for 2014/15.

Second payment due date for 2014/15 Class 2 NICs.

Annual adjustment for VAT partial exemption calculations (April VAT year end).

Liability to 5% penalty on any tax unpaid for 2013/14.

Deadline for tax credit Annual Declaration (if estimated, final figures required by 31/01/16).

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August 2015
2 Submission date of P46 (Car) for quarter to 5 July.
31 Annual adjustment for VAT partial exemption calculations (May VAT year end).

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September 2015
30 End of CT61 quarterly period.

Last day for UK businesses to reclaim EC VAT chargeable in 2014.

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October 2015
1 Due date for payment of Corporation Tax for period ended 31 December 2014.
5 Individuals/trustees must notify HMRC of new sources of income/chargeability in 2014/15 if a Tax Return has not been received.
14 Due date for income tax for the CT61 quarter to 30 September 2015.
19/22 Quarter 2 2015/16 PAYE remittance due.

PAYE Settlement Agreement payment dates for 2014/15.

31 Deadline for paper submission of 2015 Tax Return without incurring penalties.

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November 2015
1 £100 penalty if 2015 paper Tax Return not yet filed. Additional penalties may apply for further delay (no penalties will apply if online return filed by 31 January 2016).
2 Submission date of P46 (Car) for quarter to 5 October.

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December 2015
30 Last day for online submission of 2015 Tax Return where outstanding tax (subject to cap) to be included in 2016/17 PAYE code.
31 Last day for non-EU traders to reclaim recoverable UK VAT suffered in the year to 30 June 2015.

End of relevant year for taxable distance supplies to UK for VAT registration purposes.

End of relevant year for cross-border acquisitions of taxable goods in the UK for VAT registration purposes.

End of CT61 quarterly period.

Filing date for Company Tax Return Form CT600 for period ended 31 December 2014.

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January 2016
1 Due date for payment of Corporation Tax for period ended 31 March 2015.
14 Due date for income tax for the CT61 quarter to 31 December 2015.
19/22 Quarter 3 2015/16 PAYE remittance due.
31 First self assessment payment on account for 2015/16.

Capital gains tax payment for 2014/15.

Balancing payment – 2014/15 income tax/Class 4 NICs.

Last day to renew 2015/16 tax credits.

First payment due date for 2015/16 Class 2 NICs.

Last day to pay any balance of 2013/14 tax and Class 4 NICs to avoid an automatic 5% late payment penalty.

Deadline for amending 2014 Tax Return.

Last day to file the 2015 Tax Return online without incurring penalties.

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February 2016
1 £100 penalty if 2015 Tax Return not yet filed. Additional penalties may apply for further delay. Interest starts to accrue on 2014/15 tax not yet paid.
2 Submission date of P46 (Car) for quarter to 5 January.
14 Last date (for practical purposes) to request NIC deferment for 2015/16.

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March 2016
2

Last day to pay any balance of 2014/15 tax and Class 4 NICs to avoid an automatic 5% late payment penalty.
31 End of Corporation Tax financial year.

End of CT61 quarterly period.

Filing date for Corporation Tax Return Form CT600 for period ended 31 March 2015.

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