Date |
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What Happens |
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Who is affected |
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| April 2007 |
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Tax Returns sent out. |
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Most People. |
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| by 19 May 2007 |
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Completed P35 and P14s must be received by HMRC. |
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All Employers. |
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| by 31 May 2007 |
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P60s issued, providing details of your taxable pay and tax paid for 2005-2006.
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All employees. Pensioners who receive an income from previous employers pension scheme or private pension plan. |
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| by 6 July 2007 |
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P11Ds issued, providing details of your taxable fringe benefits and expenses for tax year. |
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Employees earning £8,500 or more, and Directors. To arrive at the starting figure of £8,500 remember to include any receiving fringe benefits and/or expenses paid to you. |
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| 31 July 2007 |
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2nd payment on account for 2005-2006 tax year due. |
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Taxpayers who make payments on account. |
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30 Sep 2007 |
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Completed tax returns to tax office. |
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Those who want the Inland Revenue to calculate their tax. Also those who want underpayments of tax (up to £2000) collected via PAYE. |
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| 5 October 2007 |
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Advise tax office or new untaxed income or change of status. |
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Those who start to receive untaxed income during 2006-20067tax year or who have changed from employed to self-employment. |
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| 31 January 2008 |
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Final deadline for sending back your tax return & paying any outstanding tax due for 2005-2006. |
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Everyone who receives a tax return before 31 July 2007. |
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First payment on account for 2006-2007 tax year. |
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Taxpayers who make payments on account |
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Revenue must tell you by now if it intends to start an enquiry into your 2005-2006 tax return. |
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Taxpayers who may have a problem on their returns picked at random by the tax office. |
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| 28 February 2008 |
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5% surcharge applied. |
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Everyone who was due to pay tax on 31 Jan 2008 but failed to do so. |
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