Tax Diary July/August 2020

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1 July 2020 – Due date for Corporation Tax due for the year ended 30 September 2019.

6 July 2020 – Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs.

19 July 2020 – Pay Class 1A NICs (by the 22 July 2020 if paid electronically).

19 July 2020 – PAYE and NIC deductions due for month ended 5 July 2020. (If you pay your tax electronically the due date is 22 July 2020)

19 July 2020 – Filing deadline for the CIS300 monthly return for the month ended 5 July 2020. 

19 July 2020 – CIS tax deducted for the month ended 5 July 2020 is payable by today.

31 July 2020 – Self-assessment second payment on account for 2019-20 is due. The government has announced measures that will allow many tax payers to delay this payment until January 2021, if they wish. 

1 August 2020 – Due date for Corporation Tax due for the year ended 31 October 2019.

19 August 2020 – PAYE and NIC deductions due for month ended 5 August 2020. (If you pay your tax electronically the due date is 22 August 2020)

19 August 2020 – Filing deadline for the CIS300 monthly return for the month ended 5 August 2020. 

19 August 2020 – CIS tax deducted for the month ended 5 August 2020 is payable by today.
 

Useful information for Tax Diary July/August 2020

IndividualsSole Traders & Partnerships

From 6 April 2026, people with yearly trading/property income over £50,000 must move to a digital system to record and declare information.

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Individuals

From 6 April, the partial repayment threshold for High Income Child Benefit charge will rise from £50,000 to £60,000.

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Limited CompaniesSole Traders & Partnerships

For your business, a new government brings about a period of uncertainty. Consider how you can prepare to manage this transition and succeed…

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Limited Companies

From April 2026, reporting and paying Income Tax and Class 1A NICs on benefits-in-kind will be mandatory through payroll software.

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Limited CompaniesSole Traders & Partnerships

A director can decide how much and by what means they extract the profit from their business by balancing salary and dividends.

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IndividualsLimited CompaniesSole Traders & Partnerships

Read our summary of the Spring Budget 2024, with changes to National Insurance, Child Benefit and second homes…

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