This Tax Diary for February and March 2020 provides an overview of the key tax deadlines and events for individuals and businesses during these two months. Whether you’re a self-employed individual, a small business owner, or a large corporation, staying on top of your tax obligations is crucial.
Our Tax Diary is designed to help you keep track of important dates, avoid penalties for late submissions, and make the most of available tax reliefs and allowances.
1 February 2020 – Due date for Corporation Tax payable for the year ended 30 April 2019.
19 February 2020 – PAYE and NIC deductions due for month ended 5 February 2020. (If you pay your tax electronically the due date is 22 February 2020)
19 February 2020 – Filing deadline for the CIS300 monthly return for the month ended 5 February 2020.
19 February 2020 – CIS tax deducted for the month ended 5 February 2020 is payable by today.
1 March 2020 – Due date for Corporation Tax due for the year ended 31 May 2019.
2 March 2020 – Self assessment tax for 2019/19 paid after this date will incur a 5% surcharge.
19 March 2020 – PAYE and NIC deductions due for month ended 5 March 2020. (If you pay your tax electronically the due date is 22 March 2020)
19 March 2020 – Filing deadline for the CIS300 monthly return for the month ended 5 March 2020.
19 March 2020 – CIS tax deducted for the month ended 5 March 2020 is payable by today.
Are you keeping on top of your tax diary?
Having a tax diary with key tax events is essential for anyone who wants to stay on top of their tax obligations. Tax laws and regulations are complex and constantly changing, making it easy to miss important deadlines or forget to file necessary paperwork.
A tax diary helps individuals and businesses to keep track of important tax dates, such as self-assessment deadlines, VAT returns, and corporation tax payments, allowing them to plan ahead and avoid costly penalties and interest charges. By using a tax diary, individuals and businesses can stay organised, reduce their stress levels, and ensure they meet all their tax obligations in a timely and efficient manner.
Want to learn more about how you can manage your taxes stress free? Get in touch with our team.