0207 608 5500
Search ideas, news and case studies
Blog Categories
Key Tax and Compliance Dates in 2024/25 For Limited Companies
As the tax year end approaches, so do a few key dates for all taxpayers. The tax year end is a crucial period for a lot of business owners. By preparing well ahead you can ensure you sail smoothly through the busy period.
When Does the Tax Year End?
A tax year in the UK runs from April 6th till April 5th the following year, so this tax year ends April 5th 2025.
By this date, taxpayers should have all documentation ready to submit to HMRC.
Key Tax Year Dates for 2024/25
| April 6th 2024 | The start of the current tax year. |
|---|---|
April 19th 2024 | The deadline for the final PAYE submission for the previous tax year 2023/24 which ended on 5th April 2024. |
April 30th 2024 | The date for which the penalties for any unfiled self-assessment tax forms will be applied. |
31st July 2024 | A key date for the self-employed– the last day to make a second payment for your taxes owed from the previous tax year. |
5th October 2024 | The first deadline for submissions of tax returns for the tax year and also the deadline for self-employed workers to register with HRMC for the current tax year. |
31st October 2024 | The deadline for submission of tax returns in paper format for the tax year end on 5th April 2024. |
30th December 2024 | The deadline to submit your online tax return for automatic payment of owed taxes from your pension and wages. |
31st January 2025 | The deadline for online self-assessment tax returns for the 2023/24 tax year to be completed. |
5th April 2025 | The final day of the current tax year. |
Key Dates and Deadlines for Limited Companies in the UK
As a limited company, you’ll have your own personal tax deadlines determined by your company’s accounting period.
Corporation Tax Deadlines
- When to Register: 3 months after your incorporation date
- When to submit your tax return: 12 months after the end of your accounting period
- When to pay: 9 months after the end of your accounting period
How To Find Your Accounting Period
Your ‘accounting period’ for corporation tax is the time covered by your company tax return. It cannot be longer than 12 months and is usually the same as the financial year covered by your business’ annual accounts.
HMRC will send a letter to your registered office address notifying you of the dates for your first accounting period.
Other Company Filing Deadlines
- Confirmation Statement: Filed every 12 months from the date of your last statement. I.e. if you first filed when incorporating on 12/01/2024 your next statement is due by 26/01/2025 (14 days after the confirmation period date ends). However, if you filed early, the date you filed is your new due date.
- Annual Accounts: Must be filed 9 months after the end of your financial year
- Dormant Accounts: 9 months after your tax accounting year ends.
VAT Deadlines
Applying for VAT is voluntary if your turnover is under £90,000, but compulsory if it is £90,000 and over.
You usually need to send a VAT Return to HMRC every 3 months. This is known as your ‘accounting period’.
- VAT Registration: Voluntary before reaching the £90,000 threshold or 30 days after you exceed the £90,000 threshold.
- Submitting VAT Returns: 1 calendar month and 7 days after the end of your accounting period
- Paying VAT Owed: 1 calendar month and 7 days after the end of your accounting period
- Annual Account Scheme: 2 months after the end of the 12-month accounting period
- Businesses on payments account (POA): Monthly, due at the end of the month
Get Help Filing For Your LTD
Tax returns, particularly VAT, can be tricky. Luckily, we're here to help. Our VAT Registration Assistance minimises mistakes and ensures your company files on time and correctly. With our package, we'll thoroughly check your VAT Registration and send it to HMRC. This service helps you minimise mistakes and save precious time and money. Furthermore, if you need help filling the application you can call us and we'll talk you through the process. Don't waste time worrying about the ins and outs, instead reach out and we can help you register for VAT.
We're also here to help with other crucial filings such as your annual Confirmation Statement, Dormant Company Accounts and more! Our services are suited to every need, and you'll always have a friendly expert to speak to should any questions come up.
Disclaimer: This post is for general informational purposes only. For more information consult an accountant or tax advisor on your filing responsibilities and dates.
