To help you get organised for the year ahead we’ve grouped together some of the upcoming important financial dates.
14th – Income tax due date for CT61 period to 31 December 2020
31st – The deadline for submitting online self-assessment returns for the 2019/20 period.
1st – New Advisory Fuel Rates (AFR) comes into effect for company car users.
The Domestic Reserve Charge for VAT on Construction and building services also comes into force on 1st March 2021.
31st– The coronavirus furlough scheme is due to end.
1st – The new financial year begins
5th – The 2020/21 tax year ends
VAT payments deferred from 20th March 2020 and 30th June 2020 as a result of the coronavirus pandemic are also due by 5th April 2021.
6th– The 2021/22 tax year begins
IR35 also comes into force on the 6th April in the private sector.