Tax Calendar - Pinfields Limited, UK

Tax Calendar

The red text indicates an entry relevant to companies and employers, black refers to personal tax, and bold indicates an important item. Click on a date to find out more detail of how it may affect you.

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October 2010
Sunday 31	Deadline for submitting 'paper' 2009/10 self assessment returns This deadline is relevant to individuals who need to complete a self assessment tax return for 2009/10 and wish to file the return in a paper form. Self assessment returns submitted after this date must be submitted electronically.
Sunday 31	Deadline for submission of 2009/10 self assessment returns if you require HMRC to compute your tax liability and/or if tax underpaid is to be collected by adjustment to your 2011/12 This deadline is relevant for those individuals who complete a paper self assessment tax return and who are employees. Where you have an underpayment of up to Ł2,000 only, you may request that HMRC collect any tax outstanding by making an adjustment to your tax code for the year 2011/12.
January 2011
Monday 31	Deadline for submitting 2009/10 self assessment return (up to Ł100 penalty if your return is late).Balance of 2009/10 tax due, plus first payment on account for 2010/11 This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax, Class 4 NI and any capital gains tax liabilities. There is a penalty of up to Ł100 if your return is not submitted on time. The balance of any outstanding income tax, class 4 NI and capital gains tax for the year ended 5th April 2010 is due for payment by 31st January 2011. Where the payment is made late interest will be charged. The first payment on account in respect of income tax and any class 4 NI is also due for payment by 31st January 2011.
February 2011
Monday 28	5% penalty surcharge on any 2009/10 outstanding tax due on 31st January 2011 still remaining unpaid This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax and Class 4 NI liabilities and any capital gains tax. The balance of any outstanding income tax, class 4 NI and capital gains tax for the year ended 5th April 2010 was due for payment by 31st January 2011. Where the payment is made late interest will be charged. If the payment is made after 28th February 2011 a surcharge of 5% will be added to the outstanding liability.
March 2011
Thursday 31	Last minute planning for tax year 2010/11 The final deadline of 5th April 2011 is relevant to individuals who have not considered year end tax planning issues. These issues include: - utilising your annual capital gains tax exemption - utilising your annual inheritance tax exemption for gifts - utilising your annual Individual Savings Account investment limit - making additional pension contributions for 2010/11. Please do get in touch if you would like any further advice on these or any other issues.