There are all the usual monthly deadlines coming up but there are a few important dates worth reminding you about.

In addition, don’t forget that with the new tax year:

• the VAT threshold has now increased to £90,000.
• The dividend allowance was reduced from £1,000 to £500 for the 2024-25 tax year
• Class 1 Employer National Insurance contributions (NICs) cut by 2% to 8%
• Class 2 NICs for self-employed abolished
• Class 4 NICs rate reduced to 6% on profits between £12,570 and £50,270. The rate remains at 2% on profits over £50,270
• Capital gains tax (CGT) rates for higher rate taxpayers for gains on residential property not eligible for private residence relief, cut to 24% from the standard 28% rate
• CGT annual exempt amount (AEA) cut from £6,000 to £3,000 (trustees £1,500)

 

Here are some dates for you:

 

1 May

New VAT fuel scale charge rate for VAT periods beginning on or after this date

 

31 May  

Deadline for employers to give employees P60s for 2023–24

Deadline for employers to give relevant employees details of payrolled benefits for 2023–24

VAT returns and balancing payments due for those using VAT annual accounting with a VAT accounting period ending on 31 March

 

6 July

P11Ds and P11D(b) for 2023–24 are due to be submitted to HMRC and copies of P11Ds are to be provided to employees

Employment-related securities (ERS) return deadline for 2023–24

Deadline for reporting termination payments and benefits where a cash and benefits package exceeded £30,000 in 2023–24

 

19 July

Class 1A NIC due for 2023–24 paid non-electronically

 

22 July

Class 1A NIC due for 2023–24 paid electronically

 

31 July

Second self-assessment payments on account due for 2023–24