Financial dates and deadlines to take note of in 2014

As we approach the end of the financial year, we’ve put together a handy list of important financial dates in 2014 for you to diarise.

photo credit: Silvia Sala via photopin cc

It pays to diarise all dates and deadlines throughout 2014, especially if it concerns your tax matters. photo credit: Silvia Sala via photopin cc

March

  • 31 March: Closing date to claim for the Winter Fuel Benefit.

April

  • 5 April: End of tax year.
  • 6 April: First day of new tax year.
  • 6 April: HMRC begins issuing Self Assessment returns and notices.
  • 6 April: UK visa prices set to change.

May

  • 31 May: Deadline for employers to issue P60s to employees.

July

  • 6 July: Deadline for P11ds to reach HMRC.
  • 31 July: Deadline for second Self Assessment payment on account for tax year ending 5 April 2014.

September

  • 30 September: Deadline to file accounts at Companies House for limited companies with a 31 December 2013 year-end.

October

  • 1 October: New National Minimum Wage implemented.
  • 1 October: HMRC’s grace period for RTI submissions for small companies (less than 10 employees) ends. After this date, penalties and interest charges for late filing will be enforced in full.
  • 5 October: Deadline to notify chargeability for Income Tax/ Capital Gains Tax for 2013-14 in the case that you are not registered for Self Assessment. You must complete form CWF1 for self-employment or form SA1 for non self-employed income.
  • 31 October: Deadline for paper submission of Self Assessment tax returns for the tax year ending 5 April 2013. If you want to submit a paper return, you must file by 31 October in order to avoid an immediate £100 fine.

December

  • 6 December: Small Business Saturday.
  • 30 December: Deadline for online submission of Self Assessment tax returns for the tax year ending 5 April 2014 for HMRC to collect tax through PAYE codes, where they owe less than £3,000.

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