It’s business as usual for tax filing deadlines

Whilst there have been various tax deferral measures put in place to assist businesses during these challenging times, there has been no relaxation of filing deadlines with HMRC and no indication that they intend to do so. Therefore, businesses should continue to make all filings by the normal deadlines.

Jim Harra, Head of HMRC, has confirmed that once the various tax deferral measures and Time to Pay have expired, HMRC will revert to their normal mechanisms on debt collection.

One of HMRC’s key objectives in normal times is stated to be to “collect all taxes due” and whilst HMRC will help businesses now, when the measures are lifted and payment dates go back to their normal dates (including the deadlines for deferred taxes) then HMRC will expect businesses to pay on time. Businesses need to work on the basis that HMRC may not be so patient with debts later in the year.

Therefore, it will be important that businesses keep their filings up to date and have a record of all outstanding tax, so they can proactively address these at the appropriate times.

As at the time of writing (9th April 2020) HMRC have not issued any form of waiver for penalties for failure to submit tax returns when due. Whilst there may be some likelihood that HMRC will accept “COVID-19 lockdown” related delays as a “reasonable excuse” for late filing and so it may be possible to get penalties waived, there is no guarantee of that being the case. 

We have set out below some of the key upcoming deadlines that you should be aware of for your business taxes.

Upcoming tax filing deadlines

April
7Filing deadline for VAT returns for the quarter/month ended 29 February 2020 (depending on whether company is on monthly or quarterly cycle). If a company makes VAT payments on account, the filing deadline will be 7 days earlier.
14Filing deadline for CT61 forms in respect of tax deducted on interest and other annual payments for period to 31 March 2020.
19Deadline for Employer Payment Submission (“EPS”) for month ended 5 April 2020.
19Deadline for making final payroll report for 2019/20.
30Deadline to submit Annual Tax on Enveloped Dwellings (“ATED”) returns and pay any tax in respect of the year ended 31 March 2020. Even if there is no tax to pay, any relief declaration forms must be submitted by this date.
30Filing deadline for Corporation Tax Returns with accounting period to 30 April 2019.
30Large companies and groups may other filing obligations in respect of accounting period to 30 April 2019, for example:
• Senior Accounting Officer (“SAO”) reporting
• Corporate Interest Restriction (“CIR”) filing
• Country by Country reporting (“CbCR”)
30Qualifying large companies and groups will need to publish their tax strategy where they have a period ended 30 April 2020.
May
7Filing deadline for VAT returns for the quarter/month ended 31 March 2020 (depending on whether company is on monthly or quarterly cycle). If a company makes VAT payments on account, the filing deadline will be 7 days earlier.
19Deadline for Employer Payment Submission (“EPS”) for month ended 5 May 2020.
31Filing deadline for Corporation Tax Returns with accounting period to 31 May 2019.
31Large companies and groups may other filing obligations in respect of accounting period to 31 May 2019, for example:
• Senior Accounting Officer (“SAO”) reporting
• Corporate Interest Restriction (“CIR”) filing
• Country by Country reporting (“CbCR”)
31Qualifying large companies and groups will need to publish their tax strategy for where they have a period ended 31 May 2020.
June
7Filing deadline for VAT returns for the quarter/month ended 30 April 2020 (depending on whether company is on monthly or quarterly cycle). If a company makes VAT payments on account, the filing deadline will be 7 days earlier.
19Deadline for Employer Payment Submission (“EPS”) for month ended 5 June 2020.
30Filing deadline for Corporation Tax Returns with accounting period to 30 June 2019.
30Large companies and groups may other filing obligations in respect of accounting period to 30 June 2019, for example:
• Senior Accounting Officer (“SAO”) reporting
• Corporate Interest Restriction (“CIR”) filing
• Country by Country reporting (“CbCR”)
30Qualifying large companies and groups will need to publish their tax strategy where they have a period ended 30 June 2020.
July
5Last date for agreeing PAYE settlement agreements with 2019/20.
6Deadline for filing forms P11D and P11D(b) to HMRC for 2019/20.
6Deadline for filing Employment Related Securities (ERS) returns for 2019/20.
7Filing deadline for VAT returns for the quarter/month ended 30 June 2020 (depending on whether company is on monthly or quarterly cycle). If a company makes VAT payments on account, the filing deadline will be 7 days earlier.
14Filing deadline for CT61 forms in respect of tax deducted on interest and other annual payments for period to 30 June 2020.
19Deadline for Employer Payment Submission (“EPS”) for month ended 5 July 2020.
31Filing deadline for Corporation Tax Returns with accounting period to 31 July 2019.
31Large companies and groups may other filing obligations in respect of accounting period to 31 July 2019, for example:
• Senior Accounting Officer (“SAO”) reporting
• Corporate Interest Restriction (“CIR”) filing
• Country by Country reporting (“CbCR”)
31Qualifying large companies and groups will need to publish their tax strategy where they have a period ended 31 July 2020.

In addition to the above, Real Time Information (“RTI”) submissions will be due in respect of Payroll reporting on or before payments are made to employees. Pension details will also need to be submitted, although the deadlines for this can vary between different providers and a business’s individual circumstances.

Note that the details included above are an illustration to give an overview of common upcoming tax filing deadlines and does not incorporate any non-standard filing dates.

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