Diary of main tax events December 2019 and January 2020

Below is a list of the main tax events coming up for December 2019 and January 2020. It is important to be aware that filing your tax return late or failing to pay the tax you owe on time, could mean you face extra penalty fees and interest charges. It is therefore recommended that you authorise a tax specialist such as Beavis Morgan to handle your tax affairs and deal with HM Revenue & Customs on your behalf. This will ensure that all deadlines are met and that you are not paying more tax than you need to.

Date          What’s Due

1/12/19     Corporation tax for year to 28/02/2019 unless quarterly instalments apply

19/12/19    PAYE & NIC deductions, and CIS return and tax, for month to 5/12/19 (due 22/12 if you pay electronically)

30/12/19    Deadline for filing 2018/19 tax return online in order to request that HMRC collect outstanding tax via the 2020/21 PAYE code

1/1/20        Corporation tax for year to 31/03/2019 unless quarterly instalments apply

19/1/20      PAYE & NIC deductions, and CIS return and tax, for month to 5/1/20 (due 22/1 if you pay electronically)

31/1/20      Deadline for filing 2018/19 self-assessment tax return online and paying your outstanding tax for 2018/19 and first payment on account of 2019/20 tax.

At Beavis Morgan, our diverse team of tax professionals are committed to ensuring that your tax reporting obligations are fully satisfied and that every opportunity to lawfully exploit tax savings is made known to you, restructuring your affairs in a tax effective and efficient way.

If you have any concerns relating to your tax return or wish to discuss your tax affairs in further detail, please contact your usual Beavis Morgan Partner.