Key Dates: January 2022 – March 2022

22 Dec 2021

As we move into a new year it is always helpful to plan ahead – knowing what it is you need to be preparing for and being able to organise accordingly.

Here are some of the key dates, and deadlines, for the months January-March 2022. It is always important to be able to start a new calendar year with a clear plan to better your financial position and grow your future wealth. This is also the perfect time to plan ahead of the financial year-end; to help prepare your finances for the 2022/23 tax year.

January 2022

1st

Due date for payment of corporation tax for period ended 31 March 2021.

14th

Due date for income tax for the CT61 quarter to 31 December 2021.

19th

PAYE, Student loan and CIS deductions are due for the month to 5 January 2022.

PAYE quarterly payments are due for small employers for the pay periods 6 October 2021 to 5 January 2022.

31st

Deadline for submitting your 2020/21 self assessment return (£100 automatic penalty if your return is late) and the balance of your 2020/21 liability together with the first payment on account for 2021/22 are also due.

Capital gains tax payment for 2020/21.

Balancing payment – 2020/21 income tax and Class 4 NICs. Class 2 NICs also due.

February 2022

2nd

Deadline for submitting P46(car) for employees whose car/fuel benefits changed during the quarter to 5 January 2022.

19th

PAYE, Student loan and CIS deductions are due for the month to 5 February 2022.

March 2022

1st

New Advisory Fuel Rates (AFR) for company car users apply from today.

3rd

5% late payment penalty on any 2020/21 outstanding tax which was due on 31 January 2022 and still remains unpaid.

19th

PAYE, Student loan and CIS deductions are due for the month to 5 March 2022.

31st

End of corporation tax financial year.

End of CT61 quarterly period.

Filing date for Company Tax Return Form CT600 for period ended 31 March 2021.