We know life moves fast, and when it comes to payroll it seems like there’s always a new deadline lurking around the corner. But don’t worry—we’ve got your back! We’ve put together a handy guide to the important upcoming dates for the rest of the 2024/2025 financial year to keep you one step ahead.
So, grab your calendar, set those reminders, and let’s make sure you’re ready for whatever comes next!
October 31, 2024: Self-Assessment Paper Tax Returns Due
If you’re a contractor or self-employed, this is your cue to get those paper tax returns in the post and on their way to HMRC. Don’t fancy a last-minute rush to the post office? Consider filing online instead—you’ve got a bit more breathing room.
December 19, 2024: Quarterly Payment for PAYE
If you’re paying PAYE (Pay As You Earn) quarterly rather than monthly, you’ll want to make sure your payment for the quarter ending October 5th is submitted by this date. We know, just in time for Christmas shopping! But trust us, staying on top of these deadlines keeps you in HMRC’s good books (and avoids any nasty surprises).
January 31, 2025: Online Self-Assessment Tax Returns Due
This is the big one—the last day to file your online self-assessment tax return for the 2023/2024 tax year and pay any tax owed. Avoid the midnight panic by getting everything sorted ahead of time. Not sure where to start? We’re here to help with all things payroll, from PAYE to self-assessment—just give us a shout!
February 1, 2025: Late Payment Penalties Begin
If you missed the January 31st deadline, don’t hit the snooze button. HMRC will start charging interest from today, so get those payments sorted ASAP to avoid extra charges piling up. Remember, every day counts when it comes to penalties!
March 31, 2025: End of the Tax Year Preparations
As we approach the end of the financial year, it’s time to start getting your ducks in a row. Make sure all your paperwork is up to date, check your payroll records, and get ready for the new tax year. At Alliance Combined Services, we’ll be running payroll like clockwork to ensure you’re prepared for what comes next!
April 5, 2025: End of the 2024/2025 Financial Year
Wave goodbye to the current tax year! This is the final day to make sure all your payroll submissions are in order, including P60s for employees and any outstanding payments. Don’t leave anything to chance—reach out to us if you need a hand with any last-minute checks or queries.
For more information on the services on offer with us at Alliance (CS), contact us today.