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Annual Submission Deadlines
Self Assessment Tax Return
NA Deadline:
7th January
Statutory Deadline: 31st January
What We Need From You:
To provide the necessary information that will be requested from your Assistant Client Manager
Why It Is Important
This is a legal obligation
Missed Deadline Effects
You will automatically receive a fixed penalty of £100 if your tax return is late on day 1
3 months late - you may have to pay a penalty of £10 a day, maximum of 90 days
6 months - you may have to pay a further penalty of 5% of the tax you owe or £300, whichever is greater 12 months - you may have to pay a further penalty of 5% of the tax you owe or £300,whichever is greater - in some cases, you may have to pay up to 100% of the tax you owe
Year-end Accounts and Accounts Submission
NA Deadline:
Month 8 of your financial year
Statutory Deadline: Month Twelve
What We Need From You:
Up-to-date software and provide all information requested by your Assistant Client Manager. To approve the accounts in a timely manner to ensure that the accounts are filed on time
Why It Is Important
This is a legal obligation
Missed Deadline Effects
Causes a delay in the delivery of final accounting information. You will automatically receive a penalty notice if your accounts are filed after the deadline. The penalty is doubled if your accounts are late 2 years in a row. You can also be fined and your company struck off the register if you do not send Companies House your accounts.
Corporation Tax Return
NA Deadline:
Month 8 of your financial year
Statutory Deadline: Month Nine
What We Need From You:
To provide the necessary information that will be requested from your Assistant Client Manager
Why It Is Important
This is a legal obligation
Missed Deadline Effects
You’ll have to pay penalties if you do not file your Company Tax Return by the deadline. £100 penalty on the first day after you deadline with another £100 added after 3 months if still not submitted. After 6 months HMRC will estimate your Corporation Tax bill and add a penalty of 10% to the unpaid tax with another 10% added after 12 months.
