Diary of main tax events for December 2022 and January 2023

Below is a list of the main tax events coming up which you should know about now. 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

1/12/22           Corporation tax for year to 28/02/2022 unless quarterly instalments apply.

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

30/12/22         Deadline for filing 2021/22 tax return online in order to request that HMRC collect outstanding tax via the 2022/23 PAYE code.

1/1/23             Corporation tax for year to 31/03/2022 unless quarterly instalments apply.

19/1/23           PAYE & NIC deductions, and CIS return and tax, for month to 5/1/23 (due 22/1 if you pay electronically).

31/1/23           Deadline for filing 2021/22 self-assessment tax return online and paying your outstanding tax for 2021/22 and first payment on account of 2022/23 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.

For more information and to discuss your tax affairs in further detail, contact your usual Beavis Morgan Partner or email info@beavismorgan.com.