Deadlines for tax returns and payments 2017/18
Self Assessment
31 July 2017 – deadline for your second Self-Assessment payment on account for tax year ended 5 April 2017.
31 October 2016 (midnight) – deadline for paper Self-Assessment return for tax year ended 5 April 2017.
31 January 2018 – deadline for online Self Assessment return for tax year ended 5 April 2017. This is also the deadline for paying all remaining Self-Assessment taxes due for tax year ended 5 April 2017 and making your first payment on account for the tax year ending 5 April 2018.
VAT
VAT payments are made quarterly. Your deadline will depend on when you registered for VAT and when your accounting periods begin and end. So long as you do it online, you’ll normally have a full calendar month plus seven days from the end of your accounting period to complete your VAT return and make your payment. For example:
If your current VAT period runs from May to July 2017 and you pay by Faster Payments, your next VAT deadline will be 7 September 2017. To find your exact VAT return and payment deadline, enter your accounting period and preferred payment method into HMRC’s VAT deadline calculator.
Corporation Tax
If your taxable profits are less than £1.5 million, your Corporation Tax deadline will normally be 9 months and 1 day from the end of your accounting period. This applies after your first year of trading as the deadline for your first return can sometimes be slightly sooner. You’ll receive notification from HMRC when your Corporation Tax is due.
The end of your accounting period is normally the month end of the anniversary of your incorporation.
If you’ve made more than £1.5 million in profits, you’ll have to pay your Corporation Tax in instalments. Assuming your company has a 12 month accounting period, your instalment dates will be:
- 6 months and 13 days after the first day of your accounting period
- 3 months after your first instalment
- 3 months after your second instalment
- 3 months and 14 days after the last day of your accounting period
PAYE and Class 1 National Insurance (NI)
For the tax month ending |
Funds to clear at HMRC by |
| 5 May | 22 May |
| 5 June | 22 June |
| 5 July | 22 July |
| 5 August | 22 August |
| 5 September | 22 September |
| 5 October | 22 October |
| 5 November | 22 November |
| 5 December | 22 December |
| 5 January | 22 January |
| 5 February | 22 February |
| 5 March | 22 March |
| 5 April | 22 April |
If you pay PAYE and NI quarterly, the deadlines for the three remaining quarters of tax year 2016/17 are:
For tax quarter ending |
Funds to clear at HMRC by |
| 5 October | 22 October |
| 5 January | 22 January |
| 5 April | 22 April |
Meeting HMRC’s Deadlines for Tax Returns and Payments
For internet, telephone, BACS, BillPay, Bank Giro and Post Office counters payments, allow two working days for funds to clear with HMRC. If you pay by cheque, HMRC needs to receive this at least three working days before the payment deadline.
You can make CHAPS/GBS Transfer and Faster Payments on the payment deadline day.