Tax Key Dates
Below are just some of the key tax dates for 2024/2025 which can help an individual or businesses of all sizes in Basildon, Southend & the surrounding areas to take control of their finances
& keep on top of tax deadlines.
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Please note that these dates may change, so it is always best to check with HMRC
for the most up to date information & key dates.
31st January 2025
Standard filing deadline for online tax returns and payment of tax owed including first payment on account..
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April 1st 2025
Deadline for paying Corporation Tax for the previous tax year.
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April 5th 2025
End of the 2024/2025 tax year.
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April 6th 2025
Start of the 2025/2026 tax year.
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May 31st 2025
Deadline for forms P60 to be issued to employees.
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July 6th 2025
Filing deadline date for Expenses and Benefits forms P11D(b) and P11D to reach HMRC. Last date to give forms P11D to relevant employees.
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July 31st 2025
Second Payment on Account due for Income Tax for 2023/2024.​
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October 5th 2025
Register for Self Assessment if you’re self-employed or a sole trader, not self-employed, or registering a partner or partnership.
October 31st 2025
Deadline for filing a paper tax return for 2024/2025 tax year.
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31st January 2026
Standard filing deadline for online tax returns and payment of tax owed including first payment on account for 2024/2025..
PAYE tax rates & thresholds 2024/25
Employee Personal Allowance: £12,570
Basic Rate Tax Band: 20% on income between £12,571 & £50,270
Higher Rate Tax Band: 40% on income between £50,271
& £125,139
Additional Rate Tax Band: 45% on income above £125,140
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Penalties
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You’ll get a penalty if you need to send a tax return and you miss the deadline for submitting it or paying your bill.
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You’ll pay a late filing penalty of £100 if your tax return is up to 3 months late. You’ll have to pay more if it’s later, or if you pay your tax bill late.
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You’ll be charged interest on late payments.
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You can estimate your penalty for Self-Assessment tax returns more than 3 months late, and late payments on the HMRC website.
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You can appeal against a penalty if you have a
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For more information about penalties visit the HMRC website.