Essential 2014 Tax Dates

Some Important Tax Dates In 2014

In this article, we list a number of key tax dates for you to pencil into your 2014 calendar. As chartered financial planners, we would always advise our clients to stay on top of the most important dates across the financial year. Effective planning means that you can avoid penalties and maximise control of your cashflow.

Without further ado, here is the list of important tax dates in 2014:

  • April 5th – This is the last day of the 2012-2013 tax year.
  • April 6th – Happy new tax year!
  • April 22nd – This is the last date for outstanding PAYE and Class 1 NIC payments for tax year ended 5th April 2013.
  • May 19th – The last date for the submission of Employer Annual Return for year to 5 April 2013.
  • May 31st – This is the last date to give the 2012-13 P60 form to each employee for was working in your organisation at April 5th 2013.
  • July 5th – The end of the tax quarter and the last date to agree the PAYE Settlement Agreement for the tax year ended 5th April 2013.
  • July 6th – Last date for expenses and benefits annual returns forms P9D, P11D and P11D(b) to reach HMRC.
  • July 22nd – The last date for any outstanding Class 1A NICs payments for tax year ended 5th April 2012 by electronic payment.
  • July 31st – Deadline for second Self Assessment payment on account for tax year ended 5th April 2013.
  • August 2nd – Forms P46(Car) for quarter ended 5th July to reach HMRC by this date.
  • October 5th – The end of the tax quarter.
  • October 22nd – Deadline for payment of PAYE Settlement Agreement for tax year ended 5th April 2013 by electronic payment.
  • October 21st – Deadline for the submission of paper Self Assessment tax return for tax year ended 5th April 2013.
  • November 2nd – Quarterly submissions of P46(car).
  • November 5th – Date from when employers should expect a letter indicating their online filing and electronic obligations for 2012-13.
  • January 5th – The end of the tax quarter.
  • January 31st – The deadline for online submissions of Self Assessment tax return for tax year ended 5th April 2013.
  • January 31st – Deadline for paying 2012-2013 Self Assessment ‘balancing payment’.
  • January 31st – First Self Assessment payment on account for 2013-2014.
  • February 1st – £100 fine will be imposed where HMRC requested the return for 2012-2013 and not yet received.
  • February 2nd – Quarterly submissions of P46(car).
  • April 5th – Last day of the tax year.

These are just some of the important dates throughout the year, and if you would like to know about these in more detail, please contact Expert Wealth Management for more information.

Long-term Planning

The importance of long-term planning cannot be overstated, and keeping on top of key tax dates is a small piece of the bigger puzzle, especially when you are trying to run a small business or if you are a sole trader. It is always good to maintain an awareness about how the tax year and the key deadlines can affect your cashflow and your opportunities.

If you would like help with your tax, including services covering personal taxes such as inheritance tax and estate planning, get in touch with Expert Wealth Management today by calling 01993 772467. Tax planning is part of a wider financial planning journey, and if tackled correctly, can minimise your exposure and help you achieve your life goals.

Jonathan

About the Author

Jon is a highly qualified and experienced Chartered Financial Planner and Certified Financial Planner with over 27 years’ experience. He loves working with clients who are passionate about getting the most out of life and feels his job is to support them living life to the fullest. Read more from Jonathan...
This article is distributed for educational purposes and should not be considered investment advice or an offer of any product for sale. This article contains the opinions of the author but not necessarily the Firm and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. Past performance is not indicative of future results and no representation is made that the stated results will be replicated.

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