Key tax & accounting deadlines for autumn 2021

tax & accounting deadlines

As we move into the second half of the tax year, we look at some of the approaching tax & accounting deadlines affecting businesses.

August 2021

31 August – Deadline for submission of corporation tax returns for accounting periods ended 31 August 2020

September 2021

1 September – deadline for corporation tax payment for accounting period end 30 November 2020

1 September  – updated advisory fuel rates apply – rates TBC but current rates can be used up to 30 September 2021

7 September – VAT returns and payments for quarter ended 31 July 2021

19 September – Postal payment of Class 1A NICs, CIS and PAYE or 22 September if payment made electronically

30 September – Deadline for submission of corporation tax returns for accounting periods ended 30 September 2020 (CTSA)

30 September – Last day the 5% reduced VAT rate for hospitality, holiday accommodation and attractions applies; from 1 October ’21, a new reduced rate of 12.5% applies

30 September – End of furlough scheme; last date for claims is 14 October

October 2021

1 October – The SDLT nil rate band reduces from £250,000 to £125,000

14 October – Deadline for furlough claims

14 October – CTSA quarterly instalments due for large companies with a y/e of 31 March 2022

19 October – Postal payment of Class 1A NICs, CIS and PAYE or 22 October if payment made electronically

31 October – Deadline for paper submission to HMRC of self-assessment tax returns for the year ended 5 April 2021

31 October – Deadline for submission of corporation tax returns for accounting periods ending 31 October 2020 (CTSA)

How Curo can help your business

As a full service offering, Curo offers the latest advice on all areas of taxation, tax & accounting deadlines and beyond. As we transition through the Covid pandemic with all the financial and economic challenges it presents, many businesses are still not taking advantage of the support and opportunities available. We can help you understand what help is available and work towards optimising the business’ overall tax position. Please contact [email protected] or call 01527 558539 to discuss how we can help.