Thursday 1st February 2018

February deadline dates for tax and companies house


 1 February 2018 - 

  • Payment of corporation tax liabilities for accounting periods ended 30 April 2017 for small and medium-sized companies not liable to pay by instalments.
  • £100 penalty and extended enquiry window if 2017 self-assessment tax returns not filed on or by 31 January 2018.

2 February 2018 -

  • P46(Car) for quarter ended 5 January 2018.

7 February 2018 -

  •  Due date for VAT returns and payment for 31 December 2017 quarter (electronic payment).

14 February 2018 - 

  • Application to defer Class 1 National Insurance contributions (leaflet CA72A) for 2017-18, subject to approval of deferred employer(s).                                                                                                                             

19 February 2018 - 

  • File monthly construction industry scheme return.                                                                                                 

21 February 2018 - 

  • File online monthly EC sales list. 

22 February 2018

  • PAYE, NIC, CIS and student loan liabilities should have cleared into HMRC bank account or month ended 5 February 2018.

28 February 2018 -

  • Companies house should have received accounts of private companies with 31 May 2017 year ends.
  • HMRC should have received corporation tax self-assessment returns for companies with accounting periods ended 28 February 2017.
  • Payment of 2017-18 self-assessment liabilities after this date will be subject to a 5% surcharge.


May deadline dates for HMRC and Companies House

 If you are involved in the running of a Small Business you should take note of these key VAT, PAYE, Income Tax, National Insurance, Corporation Tax and Companies House dates for May


Give yourself a gift and save tax

 A company can give gifts up to £50 in value to its directors and secretary, without creating taxable benefits. In other words, you can receive a gift from your company and reduce your corporation tax bill.


How paying rent for your home office can save you tax

 This is a great tax tip on how to take funds out of your company with little or no tax to pay