As the festive period fast approaches, this also represents a busy time for owner-managers (and their adviser!) with lots of important dates and deadlines approaching.
We would like to take this opportunity to remind you of some of them.
As always, if you have any questions or concerns regarding the above, please contact us on 01474 853856.

14th December 2020

  • If you have a furlough claim to make for November 2020, it must be submitted to HM Revenue & Customs (HMRC) by this date.

18th December 2020

  • If you have not yet sent us your personal tax return information, please do so as soon as possible so that we can complete your tax return in early January when we return

23rd December 2020

  • Our office will be closing at 1 pm for the Christmas break

31st December 2020

  • If you have a Limited company or LLP with a period end of 31st December 2019, your accounts must be filed at Companies House by this date
  • Accounts filed late will incur a penalty from Companies House starting at £150
  • If you have a Limited company with a period end of 31st December 2019, your Company Tax Return (CT600) must be filed electronically with HMRC by this date
  • CT600’s filed late will incur a penalty from HMRC starting at £100
  • At the time of writing, the UK’s transition from the EU will end on this date. Please ensure you are prepared – please see our website for further details

1st January 2021

  • If you have a Limited company with a period end of 31st March 2020, any Corporation tax due must be paid by this date
  • Late payments will incur interest from HMRC, currently at the rate of 2.6% per annum
  • If you do not know your final liability, you can pay an estimated amount to reduce the interest charge. Please speak to your client manager as soon as possible if you are unsure

4th January 2021

  • Our office will re-open at 9 am

7th January 2021

  • If you have a VAT return due for the quarter ended 30th November 2020, it must be filed with HMRC and the liability paid by this date

29th January 2021

  • This is the last working day before the self-assessment filing deadline
  • Self-assessment tax returns for individuals and partnerships must be filed electronically with HMRC by this date
  • Tax returns filed late will incur a penalty from HMRC starting at £100 per individual or partner
  • Self-assessment liabilities must also be paid by this date
  • Late payments will incur interest from HMRC, currently at the rate of 2.6% per annum
  • Payment plans can be arranged with HMRC but you must have filed your tax return first
  • If you are entitled to claim the third grant through the Self-Employment Income Support Scheme, you must submit your claim by this date – please see our website for further details

Want to find out more?

Call us on (01474) 853856 and we will put you in contact with one of our advisers, or send us an enquiry by clicking below.

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