Time to act - upcoming tax deadlines

Are you prepared? Have you taken action?

Although many tax deadlines recur every year, they still seem to catch many individuals and businesses by surprise. The ability to meet deadlines to take advantage of valuable tax reliefs that save you money or to avoid penalties is just one reason why timely tax planning is so important.

To help you plan and take appropriate action, time to act sets out forthcoming tax deadlines. Although the deadline dates provided below give an indication of how urgently you need to consider the issues, some will require initial attention well in advance.

Click on the category headings below to see more information about each deadline.

Corporate tax deadlines

• Annual tax on enveloped dwellings (ATED) – returns
• Annual tax on enveloped dwellings (ATED) – payment
• Deadline for 2017 automatic exchange of information reporting to HMRC
• Corporation tax return filing and claims
• Publication of tax strategy
• Provide senior accounting officer certificate
• Country-by-country reporting – parent entity notification
• Country-by-country reporting – filing report
• Country-by-country reporting – entity notification
• Country-by-country reporting – entity confirmation
• Country-by-country reporting – confirmation of other entity filing report
• Corporate interest restriction – group reporting company
• Corporate interest restriction – qualifying public infrastructure companies
• Corporate interest restriction – group ratio - election for accounting periods
• Corporate interest restriction – creditor relationships determined on basis of fair value accounting
• Corporate interest restriction – interest restriction return
• Foreign branch profits exemption election
• Payment of gift aid by charity subsidiaries for the year ended 30 September 2017
• Diverted profits tax (DPT)
• Corporation tax payment due
• Corporation tax instalment payments due for large companies

Private client deadlines

• Annual tax on enveloped dwellings (ATED) – returns
• Annual tax on enveloped dwellings (ATED) – payment
• 2017 personal tax returns – late filing penalties
• Deadline for 2017 automatic exchange of information reporting to HMRC
• Second payment on account of personal taxes for 2017/18 due
• Penalties for late payment of personal taxes

Employment tax deadlines

• Submit paper or electronic forms P46 (car)
• Onshore & offshore employment intermediaries – quarterly reports
• PAYE and NICs reporting and payments
• CIS reporting and payment dates
• Ensure your 2017/18 P60 returns are provided to employees on time or face penalties
• File your 2017/18 short-term business visitor arrangement report (Appendix 4)
• Check for new advisory fuel rates
• Make PAYE Settlement Agreement (PSA) to reduce administration
• File your 2017/18 online employment related securities annual returns on time or face penalties
• File your 2017/18 P11D and P11D(b) returns and provide them to employees on time or face penalties
• File your 2017/18 termination payments and benefits report
• Make class 1A national insurance contribution payments on time to avoid interest on late payment

Indirect tax deadlines

• VAT fuel scale charges
• Changes to the VAT exemption for cost sharing groups
• Fulfilment house due diligence scheme