Tax News & Updates
Keep upto-date with tax due dates and deadlines together including related penalties for missed submissions etc.
Due Dates
Returns filing Deadlines
31 January - Self Assessment Tax Return Online
31 May - Issue P60s to employees
6 July - P11D and P11D (b)
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Payment Dates -
Income Tax and Class 4NICs
1st payment on account 31 January
2nd payment on account 31 July
Balancing payment 31 January
Capital gains Tax 31 January
Class 1A NICs 19 July
Corporation Tax - 9 months & 1 day after end of accounting period
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Tax Basics
Income Tax 2019/20 2018/19
Basic rate band - upto 37,500 34,500
Basic rate 20% 20%
Divided ordinary rate 7.5% 7.5 %
Higher rate - over 37,501 34,501
Higher rate 40% 40%
Divided upper rate 32.5% 32.5%
Additional rate - over 150,000 150,000
Additional rater 45% 45%
Divided additional rate 38.1% 38.1%
Personal allowance 12,500 11,850
Married couple allowance 8,915 8,695