Tax Calendar 2004/5

28/02/2004
5% surcharge on overdue tax for 2002-3

Last date for payment of UK personal tax liability for the year ended 5 April 2003 before a 5% surcharge is levied.

17/03/2004
UK Budget Day

The UKÍs Budget, setting new tax rates and new tax policy, will be announced.

Some of the expected changes were revealed on 1st December in the pre-budget statement.

Once the Budget has been announced, check the LesterSybersolve site for the facts and an analysis of what it means.

05/04/2004
Last day of the 2003-2004 tax year

Last day of the 2003-2004 tax year. Is there any way you could make use of ïspareÍ allowances with respect to:

ISA

Pension

Capital Gains

19/04/2004
Final date for an employer to pay PAYE tax and NI for the tax year ending 5 April 2004

For small companies this is the deadline by which any 2003-4 contract earnings caught by IR35 must be paid out in salary/bonuses and the relevant Income tax and National Insurance paid to the Contributions Agency.

19/05/2004
Last day for companies to submit P35 and P14s for 2003-4

The P35 is an End of Year return made by all UK companies.

The P14 is a return made in respect of each employee.

For more details explaining about P35s, P14s, and other forms, please see our guide to tax jargon.

31/05/2004
Last day for companies to provide P60s to their employees

A P60s summarising gross income, and tax paid in 2003-04 must be provided to all staff.

For more details explaining about P60s, and other forms, please see our guide to tax jargon.

06/07/2004
Due date for submitting P11D information on employees to the Inland Revenue

Companies must file a P11D in respect of each person employed for all, or part of, the 2003-04 tax year.

If you do not know what a P11D is, please see our guide to tax jargon.

19/07/2004
Due date for PAYE payments relating to 2003-04 P11D benefits

Due date for payment of PAYE tax and National Insurance for the month to 5 July 2003 and Class 1A National Insurance due in respect P11D benefits for the year 2003/04, (submitted to the Revenue on 6 July)

31/07/2004
Self employed : 2nd instalment of tax for 2003/04

Also: second 5% penalty surcharge on any outstanding tax for the year ended 5 April 2003 that was due on 31 January 2004.

30/09/2004
Deadline for 2004 tax return
Last day to submit Self Assessment Personal Tax Return for the year ended 5 April 2004 if you want the Inland Revenue to calculate your tax liability.

Any returns not filed by today must be:

Filed with a calculation of tax due (ie you need to work this out rather than giving the information to the Inland revenue and leaving the calculation to them)

Filed on or before 31 January 2005

31/01/2005
Deadline for personal tax returns for the year to 5 April 2004

Last day to submit Self Assessment Personal Tax Return for the year ended 5 April 2004.

This is also the last day for those under self-assessment to their personal tax liability for the year ended 5 April 2004, together with first payment on account for the tax year ending 5 April 2005.