{"id":2004,"date":"2024-10-15T17:00:00","date_gmt":"2024-10-15T17:00:00","guid":{"rendered":"https:\/\/omg.one\/blog\/?p=2004"},"modified":"2024-11-07T11:20:41","modified_gmt":"2024-11-07T11:20:41","slug":"tax-return-deadlines","status":"publish","type":"post","link":"https:\/\/omg.one\/blog\/tax-return-deadlines\/","title":{"rendered":"When is the UK Tax Return Due? Key Dates for Self-assessment\u00a0"},"content":{"rendered":"\n

Choosing to opt for self-assessment this tax season? Here are the dates to know. If you are an international entrepreneur setting up a company in the UK, knowing (and abiding by) the tax system is key. The last thing you want is to run afoul of tax issues that could cost you more than just late fees!<\/p>\n\n\n\n

One of the most important parts is knowing when your tax return is due. This is the date by which you should either submit your return or have filed for an extension. Let\u2019s take a look at the key dates for self-assessment tax returns in the UK so you can stay compliant and avoid penalties.<\/p>\n\n\n\n

Want to see how you can save more and stay ahead of the tax season? Omega has the business accounts<\/a> entrepreneurs depend on to make their money work for them.<\/p>\n\n\n\n

What Is The UK Tax Year?<\/h2>\n\n\n\n

Before we get into the deadlines you will need to follow, let\u2019s look at the UK tax year.\u00a0<\/p>\n\n\n\n

Unlike many countries, the UK tax year doesn\u2019t run from January to December. For businesses and individuals in the UK, the tax year runs from 6 April to 5 April the following year. For example, the 2023\/2024 tax year started on 6 April 2023 and ended on 5 April 2024.<\/p>\n\n\n\n

Self-Assessment Key Dates<\/h2>\n\n\n\n

1. Registering for Self-assessment: 5 October <\/h3>\n\n\n\n

If you are new to self-assessment and haven\u2019t filed a return before, you need to register with HM Revenue and Customs (HMRC) by 5 October following the end of the tax year for which you need to submit a return.<\/p>\n\n\n\n

\"How<\/figure>\n\n\n\n

2. Paper Tax Returns: 31 October<\/h3>\n\n\n\n

If you want to submit your tax return on paper, you need to do so by 31 October following the end of the tax year.<\/p>\n\n\n\n

3. Online Tax Returns: 31 January<\/h3>\n\n\n\n

Online submissions need to be in by 31 January following the end of the tax year. This is also the deadline for payment of any tax due.<\/p>\n\n\n\n

\"Paper<\/figure>\n\n\n\n

4. Payments on Account: 31 July<\/h3>\n\n\n\n

If you make advance payments towards your tax bill (known as \u2018payments on account\u2019), there is usually a second payment deadline of 31 July.<\/p>\n\n\n\n

\"Self-assesment<\/figure>\n\n\n\n

Corporation Tax Deadlines<\/h2>\n\n\n\n

For limited companies, the deadlines are different \u2013 so you will want to know exactly which type of company you are running to know which date to follow!<\/p>\n\n\n\n