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Tax Diary April/May 2024

Tax Diary April/May 2024

14 March 2024

This list outlines the key UK tax deadlines for 2024, including corporation tax, PAYE, NIC deductions, and more. It emphasizes the importance of adhering to these dates to avoid penalties and ensure efficient financial management.

The following list provides a detailed timeline of important tax diary deadlines in the UK for the year 2024. It covers various aspects such as corporation tax, PAYE and NIC deductions, CIS300 monthly return filing, and the issuance of P60s to employees. These deadlines are crucial for businesses, employers, and taxpayers to adhere to in order to avoid penalties and ensure compliance with the UK tax laws.

Tax Diary Dates

1 April 2024 – Due date for corporation tax due for the year ended 30 June 2023.

19 April 2024 – PAYE and NIC deductions due for month ended 5 April 2024. (If you pay your tax electronically the due date is 22 April 2024).

19 April 2024 – Filing deadline for the CIS300 monthly return for the month ended 5 April 2024.

19 April 2024 – CIS tax deducted for the month ended 5 April 2024 is payable by today.

30 April 2024 – 2022-23 tax returns filed after this date will be subject to an additional £10 per day late filing penalty for a maximum of 90 days.

1 May 2024 – Due date for corporation tax due for the year ended 30 July 2023.

19 May 2024 – PAYE and NIC deductions due for month ended 5 May 2024. (If you pay your tax electronically the due date is 22 May 2024).

19 May 2024 – Filing deadline for the CIS300 monthly return for the month ended 5 May 2024.

19 May 2024 – CIS tax deducted for the month ended 5 May 2024 is payable by today.

31 May 2024 – Ensure all employees have been given their P60s for the 2023/24 tax year.

In conclusion, it’s essential to keep track of these tax deadlines to ensure smooth financial operations. Adherence to these dates not only helps in avoiding penalties but also contributes to the efficient management of financial responsibilities. Remember, staying informed and organized is the key to successful tax management. Stay ahead of your tax obligations and make 2024 a financially successful year.

Source: HM Revenue & Customs Mon, 11 Mar 2024 00:00:00 +0100

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