Why tax deadlines matter
Businesses and individuals can have several different filing and payment obligations during the year.
Knowing which deadlines apply to you gives you more time to prepare records, understand liabilities and avoid unnecessary last-minute pressure.
Good to know
Your exact filing obligations depend on your circumstances, accounting period and tax position, so maintain a personalised deadline calendar.
Self Assessment deadlines
Individuals within Self Assessment should make sure they understand the filing and payment dates that apply to their tax return.
Preparing your information early can make the filing process considerably easier.
VAT return deadlines
VAT deadlines are linked to a business's VAT accounting periods.
Businesses should check their individual VAT account and accounting records to confirm the dates that apply to each return.
Annual accounts and Corporation Tax
Limited companies have separate responsibilities relating to annual accounts, Corporation Tax and company reporting.
Maintaining an organised year-end timetable helps ensure the different requirements are managed correctly.
Create a tax deadline calendar
Rather than relying on memory, maintain a calendar containing your accounting and tax deadlines.
Using reminders well in advance of filing dates gives you time to gather information and resolve questions before submissions are due.
