Important Financial Dates – 2021

Important Financial Dates – 2021

To help you get organised for the year ahead we’ve grouped together some of the upcoming important financial dates.

January 2021

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.

March 2021

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.

April 2021

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.