HMRC tax deadlines

HMRC tax deadlines for 2022

Now the new tax year has begun, it’s a good idea to keep track of the tax deadlines that could affect you and your business.

The tax year runs from 6 April 2022 to 5 April 2023.

Self Assessment tax return

A Self Assessment tax return is submitted to HMRC to pay your income tax. There are different deadlines depending on how you submit your Self Assessment tax return.

Self Assessment deadlines for the 2022-2023 tax year

  • Online submission and pay tax: Midnight 31 January 2024

It’s good to know that your National Insurance contribution is counted as part of your Self Assessment tax return.

Deadlines for the 2022-2023 tax year

  • Register: 5 October 2023 (if you started working as such between 6 April 2022 and 5 April 2023)
  • Paper submission: Midnight 31 October 2023
  • Online submission and pay tax: 31 January 2024

Find out more about Self Assessment tax returns

Corporation Tax deadlines

If your business is a limited company, then you will need to pay Corporation Tax.

  • Company Tax Return: 12 months after the accounting period it covers ends
  • Pay Corporation Tax: 9 months and one day after the end of the accounting period

Capital Gains Tax deadline

You pay Capital Gains Tax is when you dispose of an asset that has increased in value.

You need to report Capital Gains by 31 December 2022 for gains you had during the 2021-2022 tax year. You can also report in real time using HMRC’s system.

Find out more about Capital Gains Tax

VAT Return deadline

Businesses that earn over £85,000 will need to pay VAT on goods and services. You can also voluntarily register to pay VAT if your turnover is under this amount. If you are a VAT registered business then you need to be registered for Making Tax Digital and submit your VAT Return online.

The deadline for submitting your return online and making your payment is usually 1 calendar month and 7 days after the end of your accounting period.

Manage your business finances with Bokio

Choosing the right accounting software can help make managing your finances simple.

With Bokio accounting software, you can do your bookkeeping, invoicing, and manage your finances. We have everything you need to help you prepare for your Self Assessment tax return, submit your VAT Return for Making Tax Digital and keep the right financial records. If you need an extra hand, we can help you find an accountant to work with.

Accounting is kept simple with Bokio, so you have more time to spend running your business.