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Key accounting dates for IT contractors

Published on Jan 29, 2009 |

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The table below highlights some of the key dates to look out for when returning paperwork to Her Majesty's Revenue & Customs (HMRC).

Chances are, most IT contractor accountants will take care of most of this list, but we recommend you also keep aware of these dates.

Some dates, such as the due-date for your VAT quarterly returns will be unique to your own company, so they are not listed listed here.

Corporation tax is payable 9 months and one day after your company year end.

Key Accounting Dates

19th of Each Month - PAYE/NIC payment for previous month's salary (or quarter if paying quarterly) to reach the HMRC Accounts Office.

31st May - Latest date to provide P60 to each of your employees if you have any (for previous tax year).

6th July - Where relevant, forms P11D, P11D(b) and P9D to be returned to HMRC. Forms P11D and P9D to be issued to all relevant employees.

19th July - Class 1A NIC Payment for previous tax year to reach Inland Revenue.

31st July - 2nd Personal Tax Payment on Account to be made (if relevant).

31st October - Personal Tax Return (to 5th April) to be submitted to HMRC if you want them to work out your tax liability for you (Before 2008, the paper submission deadline was 30th September).

31st January - 1st payment on account to be made (if relevant). Balancing payment for previous tax year. Capital Gains Tax Payment. Final filing date for previous tax year's personal tax return (£100 penalty applied if return is made later than this date).

You should always seek advice, or check with your accountant before filing tax documentation with HMRC - especially for the first time.