Tax and business calendar
Details of compliance and regulatory deadlines.
To see expired deadlines, please use the following link: Expired deadlines
05 Apr 2014
Last day to utilise 2013/14 inheritance tax exemptions.
Capital gains tax
Last day to use the 2013/14 capital gains tax exemption of £10,900.
End of tax year
Last day of 2013/14 tax year.
06 Apr 2014
Start of the new 2014/15 tax year
The personal allowance for people born after 5 April 1948 increases to £10,000
The basic rate limit will be set at £31,865
The loan threshold for cheap loans increases from £5,000 to £10,000
Start of the new tax year
First day of the 2014/15 tax year.
Employer national insurance contributions
Every business and charity is now entitled to a £2,000 Employment Allowance towards their employer NICs liability.
Employers who provide their employees with interest free or low interest loans are no longer required to report the cash equivalent on small loan balances where the outstanding balance is £10,000 or less. Previously this limit was £5,000.
First day to use the 2014/15 ISA investment limit of £11,880 (cash maximum of £5,940).
First day to make a contribution to qualify for tax relief in 2014/15. The annual allowance is now £40,000 and the limit on the amount that can be invested into a registered pension scheme is £1,250,000.
Tax bands and exemptions
Basic rate limit reduces to £31,865. The higher rate band now applies to taxable income from £31,866 to £150,000. Capital gains tax annual exemption increases to £11,000.
Personal allowance increases from £9,440 to £10,000.
Company car tax
Company car tax - 11 per cent (14 per cent for diesel cars) company car tax band now starts at 76 g/km - this applies to cars with CO2 emissions up to 94 g/km.
07 Apr 2014
Due date for February VAT returns unless exempted.
13 Apr 2014
Due date for income tax for the CT61 period to 31 March 2014.
EC sales list
Deadline for paper monthly or quarterly return filing.
18 Apr 2014
Postal PAYE/NIC/student loan payment
If paying by cheque, pay PAYE/NICs, student loan deductions and deductions from payments to subcontractors for the month up to the 5th of this month.
Construction Industry Scheme: monthly return due for period to 5th of month.
PAYE/NIC quarterly payment
Quarter 4 (2013/14) PAYE/NIC payment due where paid by cheque. The cheque must be with HMRC by this date.
20 Apr 2014
Due date for payment of supplementary declarations for March 2014.
EC sales list
Deadline for online monthly or quarterly return filing.