Tax and business calendar

Details of compliance and regulatory deadlines.

To see expired deadlines, please use the following link: Expired deadlines

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22 Jan 2016

  • Electronic monthly PAYE/NIC/Student loan payment

    Payment if paying electronically, pay PAYE, NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month in order to avoid automatic interest charge

  • PAYE/NIC electronic quarterly payment

    Third quarter (2015/16) PAYE/NIC payment due where paid electronically in order to avoid automatic interest charge

01 Apr 2016

  • Orchestras

    Tax relief for orchestras is 25% on qualifying expenditure.

  • Higher rate threshold

    Higher rate threshold increases from £42,285 to £43,000.

06 Apr 2016

  • New personal savings allowance

    New allowance to remove tax on up to £1,000 of savings income for basic rate taxpayers and up to £500 for higher rate taxpayers.

  • Farm profits

    Averaging of farm profits to be extended for income tax purposes from 2 to 5 years.

  • P11Ds

    £8,500 benefit threshold is removed.

  • Gift Aid small donations scheme (GASDS)

    GASDS increases to £8,000.

  • Annuities

    Those who currently receive income from an annuity will have the right to assign the annuity in consideration for a lump sum or alternative retirement product.

  • Lifetime allowance

    Reduces from £1.25 million to £1 million.

  • Premium bonds

    Investment limit increases from £40,000 to £50,000.

  • Personal allowance

    Personal allowance increases from £10,600 to £11,000.

  • Dividend taxation

    Dividend tax credit abolished and replaced with a £5,000 dividend tax allowance.

  • Rent-a-room

    Rent-a-room relief increases from £4,250 to £7,500.

  • Employment allowance

    Employment allowance increases from £2,000 to £3,000.

  • National living wage

    This is introduced at an initial rate of £7.20.

07 Apr 2016

  • Corporation tax

    Corporation tax reduces from 20% to 19%.

06 Apr 2017

  • Personal allowance

    Personal allowance increases from £11,000 to £11,200.

  • Buy-to-let finance costs

    Finance costs for buy-to-let landlords to be restricted to basic rate tax relief. These changes are being phased in over 4 years.

  • Domiciles

    New rules to ensure that anybody resident in the UK for more than 15 of the past 20 years to be deemed a UK domicile for tax purposes.

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Expired deadlines

Details of expired compliance and regulatory deadlines.