As a freelancer or small business owner in the UK, there are a number of important dates that you need to be aware of throughout the year. These dates relate to tax deadlines, accounting requirements, and other important business events.
Here is a list of some of the most useful dates for freelancers and small business owners in the UK:
31st January: Deadline for filing your Self Assessment tax return for the previous tax year.
31st March: Deadline for paying your Corporation Tax if you have a limited company.
6th April: Start of the new tax year.
31st May: Deadline for issuing your employees with their annual P60s.
6th July: Deadline for filing your P11D and P11D(b) forms (if applicable).
30th December: Deadline for filing your Self Assessment tax return if you are claiming pension income or employment income, and you want to collect your tax through your PAYE code.
In addition to these key dates, there are a number of other important dates that freelancers and small business owners may need to be aware of, depending on their individual circumstances. For example, if you are registered for VAT, you will need to submit VAT returns on a regular basis. You may also need to comply with other deadlines, such as those for filing company accounts or paying business rates.
It is important to keep track of all of the relevant dates for your business and to make sure that you meet all of your deadlines. This will help you to avoid any penalties and to ensure that your business is running smoothly.
Here are some additional tips for freelancers and small business owners in the UK:
Set up a calendar or diary system to keep track of all of your important dates.
Mark all of your deadlines in your calendar or diary well in advance.
Set reminders for yourself before each deadline.
If you have any questions about a particular deadline, contact HMRC or a qualified accountant for advice.
By following these tips, you can ensure that you are always aware of your important dates and that you meet all of your deadlines. This will help you to avoid any penalties and to ensure that your business is running smoothly.