The Rowdens' team is always on hand to keep you up to date with the most pressing dates and deadlines for your business diary.
To help you get prepared, we’ve highlighted some of the forthcoming deadlines for Q1 of 2022.
If your company’s accounting period is longer than 12 months, the first deadline is normally 21 months and 1 day after your accounting period started, and the second one is 9 months and 1 day after your accounting period ends.
For example, a company with an accounting period running from 01/06/2020 to 30/09/2021 will pay the first tranche of corporation tax by 01/03/2022 and the balance by 01/07/2022.
If your profits are more than £1.5 million, then tax is payable quarterly with two payments before the end of your accounting period and two after. The first payment is normally six months and 13 days after the start of the period, with the others three-monthly from that point.
Some general deadlines to plan for:
- End of personal/payroll tax year: 5th April 2022, but practically speaking, for monthly payrolls the last one processed in the tax year is to 31 March 2022
- Enterprise Management Incentives Scheme notice of options granted: within 92 days of grant
- Final date to submit self-assessment tax return online for personal tax: 31 January 2022
- Make Capital Gains Tax payment for 2020/21 tax year: 31st January 2022 (30 days after completion for gains re residential property)
- Make first payment on account for 2021/22 personal tax and balancing payment for 2020/21: 31st January 2022
- PAYE and National Insurance Payments due: 19th calendar day of the month after end of month or quarter as applicable (22nd for electronic payments)
Talk to us about hitting your deadlines
Where we carry out the related activities (e.g. payroll processing), we’ll be monitoring your deadlines automatically – but don’t forget that you remain legally responsible.
Monitor your deadlines and check the upcoming dates for all relevant activities. Pay particular attention to those where we don't carry out the task for you. Failing to meet a compliance deadline can result in fines and penalties, so it’s good practice to keep everything on time.