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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.

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 2024

Standard filing deadline for online tax returns and payment of tax owed including first payment on account..

April 1st 2024

Deadline for paying Corporation Tax for the previous tax year.

April 5th 2024

End of the 2023/2024 tax year.

April 6th 2024

Start of the 2024/2025 tax year.

May 31st 2024

Deadline for forms P60 to be issued to employees.

July 6th 2024

Filing deadline date for Expenses and Benefits forms P11D(b) and P11D to reach HMRC. Last date to give forms P11D to relevant employees.

July 31st 2024

Second Payment on Account due for Income Tax for 2022/2023.

PAYE settlement agreement submission date. Real Time Information submissions should be filed on or before pay day.

October 5th 2024

Register for Self Assessment if you’re self-employed or a sole tradernot self-employed, or registering a partner or partnership.


October 31st 2024

Deadline for filing a paper tax return for 2023/24 tax year.

December 30th 2024

Deadline for online submission of Self Assessment tax returns for year ending 5th April 2025 for HMRC to collect employment or pension income tax through PAYE tax codes if less than £3,000

is owed.

31st January 2025

Standard filing deadline for online tax returns and payment of tax owed including first payment on account for 2023/2024..


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



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.

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.

You’ll be charged interest on late payments.

You can estimate your penalty for Self-Assessment tax returns more than 3 months late, and late payments on the HMRC website.

You can appeal against a penalty if you have a 

reasonable excuse.

For more information about penalties visit the HMRC website.

If you or your business needs help with your taxes please get in contact with one of our accountants or tax advisors today.
You can book an appointment on our Book Online page.

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