Tax Information

Spring Statement 2019 (UK Income Tax Information)

The UK economy continues to grow, with wages increasing and unemployment at historic lows, providing a solid foundation on which to build Britain’s economic future, the Chancellor said on 13 March 2019 in his Spring Statement.

With borrowing and debt both forecast to be lower in every year than at last year’s Budget, the Chancellor set out further investments in infrastructure, technology, housing, skills, and clean growth, so that the UK can capitalize on the post-EU exit opportunities that lie ahead.

The Chancellor also confirmed that the government will hold a Spending Review which will conclude alongside the Budget. This will set departmental budgets, including 3-year budgets for resource spending, if an EU exit deal is agreed.  Ahead of that, the Chancellor announced extra funding to tackle serious violence and knife crime, with £100 million available to police forces in the worst affected areas in England and Wales. Click here to read full coverage.

Key Dates for the UK Tax Year

1st June 2019
New Advisory Fuel Rates (AFR) for company car users apply from today.

19th June 2019
PAYE, Student loan and CIS deductions are due for the month to 5 June 2019.

30th June 2019
End of CT61 quarterly period.

5th July 2019
Deadline for reaching a PAYE Settlement Agreement for 2018/19.

6th July 2019
Deadline for forms P11D and P11D(b) for 2018/19 to be submitted to HMRC and copies to be issued to employees concerned. Deadline for employers to report share incentives for 2018/19.

14th July 2019
Due date for income tax for the CT61 period to 30 June 2019.

19th July 2019
Class 1A NICs due for 2018/19. PAYE, Student loan and CIS deductions due for the month to 5 July 2019. PAYE quarterly payments are due for small employers for the pay periods 6 April 2019 to 5 July 2019.

2nd August 2019
Deadline for submitting P46(Car) for employees whose car/fuel benefits changed during the quarter to 5 July 2019.

19th August 2019
PAYE, Student loan and CIS deductions are due for the month to 5 August 2019.

Self-Assessed Key Tax Dates:

5th October 2019
Register for Self Assessment if you’re self-employed or a sole trader, not self-employed, or registering a partner or partnership

31st October 2019 (midnight)
Paper tax returns

31st January 2020 (midnight)
Online tax returns

31st January 2020 (midnight)
Pay the tax you owe