Contractor's tax calendar 2012/13 – key dates
With not even a fortnight to go until the January 31st deadline for filing tax returns (for the year ending April 5th 2011), it is appropriate that final reminders to self-assessment taxpayers are doing the rounds. But it doesn’t always have to be a last-minute rush. The following list should help independent business owners avoid the just-in-time stampede when it comes to their other annual, quarterly and monthly filing commitments.
| Annual Events | |
|---|---|
| Date | Return |
| May 19th | Submission of forms P35 and P14s |
| July 6th | Submission of form P11D |
| July 19th | Payment of Class 1A NIC |
| September 30th | Payment of corporation tax for accounts prepared for the calendar year (9 months after the end of the accounting period) |
| November/December | Year-end tax planning |
| December 31st | Submission of corporation tax return for accounts prepared for the calendar year (12 months after the end of the accounting period) |
| Quarterly Events | |
|
April 14th July 14th October 14th January 14th |
Forms CT61 to be submitted – tax deducted/received on interest payments |
| Monthly Events | |
| 19th | Payment of payroll taxes (under certain circumstances – quarterly) |
The above table is a summary of the more significant filing dates for a business using a calendar year-end. Many of these requirements also apply to partnerships and sole traders. Naturally, if a year-end other than December 31st is used, some of the dates will vary.
An extract from The New Business Kit, a guide to financial, tax and accounting considerations for starting a successful business, by The Low Tax Group, a chartered business advisory to contractors.
Jan 17, 2012
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