UK Financial Calendar 2018/9

31 January: Self assessment tax returns must be submitted to HMRC by midnight on this date

1 February 2018: Last staging date for automatic enrolment

5 April: The deadline for claiming any PAYE tax refunds for the 2013/14 tax year

6 April: The first day of the new tax year 2018/19. It runs to 6 April 2019

6 April 2018: Increased Workplace pensions to 2%

31 May 2018: Issue copies of 2017-18 P60 documents to employees

6 July 2018: Issues copies of 2017-18 P11d documents to employees

5th October: Deadline for self employed individuals to register and submit CWF1 with HMRC

31st October: Deadline for paper self assessment returns for 2018-19 tax year

30th December: Deadline for online submission of self assessment tax returns for year ending 5th April 2017

Don't forget to make a note in your work diary to remind you of key dates for this year's financial calendar.

Have a Duty to Report on Payment Practices and Performance?

Every year, thousands of businesses experience severe administrative and financial burdens, simply because they are not paid on time. Late payment is a key issue for business, especially smaller businesses as it can adversely affect their cash flow and jeopardise their ability to trade. In the worst cases, late payment can lead to insolvency.

Regulations made under section 3 of the Small Business, Enterprise and Employment Act 2015 (and, for limited liability partnerships (LLPs), the Limited Liability Partnerships Act 2000), introduce a duty on the UK’s largest companies and LLPs to report on a half-yearly basis on their payment practices, policies and performance for financial years beginning on or after 6 April 2017. The information must be published through an online service provided by the government, and will be available to the public.

Financial Year Reporting period Published deadlines for web service

1 January 01-01-2018 – 30-06-2018 On/before 30-06-2018

1 April 01-04-2018 – 30-09-2018 On/before 30-10-2018

5 April 05-04-2018 – 04-10-2018 On/before 03-11-2018

6 April 06-04-2017 – 05-10-2017 On/before 04-11-2017

After 6 April First six months of the business 2017 - 18 financial year

Within 30 days starting on the day after the end of the business’ first reporting period.

For full guidance available on the GOV.UK website here

The guidance is for companies and LLPs who must comply with the statutory reporting duty for payment practices and performance. As shorthand, companies and LLPs are referred to as businesses throughout this document.

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