Accounting Dates for 2024

You might be wondering how to remember all your tax dates and deadlines throughout 2024. 

 

To help you, here is a list of the key accounting dates for businesses and freelancers for 2024. Please be aware that there may be additional dates to remember such as VAT returns or payments on account, 

 

1st - Corporation Tax payment deadline (for a limited company with an accounting year end of 31st March) 

 

31st - Self Assessment online tax return filing deadline 

 

31st - First Income Tax and National Insurance payment on account deadline, balancing payment deadline 

 

31st - Corporation Tax return filing deadline (for a limited company with an accounting year end of 31st March) 

 

6th - New tax year! 

 

31st - Deadline for issuing any employees with their annual P60s 

 

6th - Deadline for filing P11D and P11D(b) forms (if applicable) 

 

19th - Deadline for paying Class 1A National Insurance Contributions non-electronically (you’ll only pay this on benefits you give to your employees, such as private medical insurance) 

 

22nd - Deadline for paying Class 1A National Insurance Contributions electronically 

 

31st - Second Income Tax and National Insurance payment on account deadline 

 

31st - Deadline for filing your Self Assessment paper tax return. 

 

31st - The deadline for filing your company’s annual accounts for a limited company with an accounting year end of 31st March (the most common year-end date) 

 

 

Most small businesses will file a VAT return four times a year. Making Tax Digital (MTD) for VAT legislation requires all VAT-registered businesses to do this through MTD-compliant software. 

 

 

 

 

1st January - 31st March 

1st April - 30th June 

1st July - 30th September 

1st October - 31st December 

Each VAT return is due for filing one month and seven days after the end of one of these quarterly periods. For example, the VAT return that covers 1st January - 31st March needs to be filed to HMRC by 7th May. 

 

If less than 80% of your income is paid at source and your tax bill is over £1,000, you’ll need to make payments on account. These are advance payments on your next year’s Self Assessment tax bill. Your payments on account are calculated by dividing the amount of Income Tax and Class 4 National Insurance from your most recent self-assessment tax return bill by two. You must make the first payment by 31st January and the second payment by 31st July. 

 

 

If you have any quetions or need an accountant or bookkeeper please get in touch here or visit our website for a list of our services.