January key tax dates

Newsletter issue - January 2017.

1 - Due date for payment of Corporation Tax for the year ended 31 March 2016

14 - Return and payment of CT61 tax due for quarter to 31 December 2016

19/22 - PAYE/NIC, student loan and CIS deductions due for month to 5/1/2017 or quarter 3 of 2016/17 for small employers

31 - Deadline for filing 2016 Self Assessment personal, partnership and trust Tax Returns - £100 first penalty for late filing even if no tax is due or tax due is paid on time

• Balancing self assessment payment due for 2015/16
• Capital gains tax payment due for 2015/16
• First self assessment payment on account due for 2016/17
• Interest accrues on all late payments
• Half yearly Class 2 NIC payment due
• Further penalty of 5% of tax due or £300, whichever is greater for personal tax returns still not filed for 2014/15
• 5% penalty for late payment of tax unpaid for 2014/15 self assessment