8 Key Financial Dates for Your 2017 Calendar
We all lead full and busy lives, and when tax legislation and requirements for individuals and companies change, it can be difficult to stay abreast of those deadlines.
Take a look at this handy list of eight important dates we’ve compiled to allow you to plan your 2017 financial obligations well in advance of any deadlines.
Keep this one in mind as it is the date of three important deadlines. This is the deadline for the online submission of tax returns for the year ending 5th April 2016. It is also the date by which you should have paid your balancing payments for the tax year ending 5th April 2016. Finally, it is the deadline for your first payment on your account for the tax year ending 5th April 2017.
This date is the P46 (Car) deadline for any employees who have use of a private company car and whose car or fuel benefits changed leading up to January 5th.
April 5th marks the final day of the 2016-17 tax year, and April 6th the first day of the following tax year. After these dates, anyone required to submit a tax return for the previous year will be notified by HMRC that they are to do this.
This is the last date for any payments for PAYE and Class 1 national insurance contributions for the previous tax year. For any non–electronic payments, the deadline for this is the 19th April.
By now, any P60s should have been provided to employees.
This is the deadline for your second payment on your account for the current tax year ending 5th April 2017.
This is the date by which anyone who would like to register for self-assessment for the 2016-17 year should have done so.
By the 31st, you should have completed your paper tax return, if you are not doing your tax return electronically.
PAYE and Class 1 NICs
The 22nd of every month (if paying online) is the date when payments by approved method are made for PAYE and Class 1 National Insurance contributions. Paying by post? Payments must be received by the 19th.
There are no fixed dates for VAT payments as each business is different. You may choose to pay VAT monthly, quarterly or annually. The date you pay VAT depends on your chosen payment type, your VAT scheme and the type of business you fall under.
Need help with your business finances?
If you need help with your bookkeeping or putting together your annual tax return, get in touch with UWM Accountants. Based in Leeds, we help UK and Leeds-based businesses with our personalised one-to-one service and proactive business advice. For more information about any of our services, get in touch with our friendly team today.