Accounting & Taxation

UK Tax Calendar 2012/13 – March 2013

2nd March 2013 is the last day to pay any balance of 2011/12 tax and Class 4 NICs to the HMRC in order to avoid an automatic 5% late payment penalty.

31st March 2013
End of Corporation Tax financial year.
End of CT61 quarterly period.
Filing date for Company Tax Return Form CT600 for the period ended 31 March 2012.

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Taxpayers reminded of impending self assessment deadline

HM Revenue & Customs (HMRC) is reminding taxpayers that they must file their 2011/12 self assessment tax return online, and pay any tax due, by midnight on 31 January 2013.

Failure to submit the self assessment tax return by the deadline will result in an automatic £100 penalty.

The penalty applies even if there is no tax to pay, or where the tax due is paid by 31 January.

A series of additional penalties applies where tax returns are three, six and twelve months late, adding up to a potential penalty of £1,600.