Filing Deadlines July 2021: Key Dates for the UK Tax Year
03/07/2021 - 7 minutes readIn our handy guide to tax filing deadlines, we provide an at-a-glance guide to key dates from the deadline for applying for a PAYE Settlement Agreement (PSA) to VAT returns and payments due for the quarter ended 31 May 2021.
1 July – Payment deadline for Corporation Tax
Payment deadline for Corporation Tax due for accounting periods ended 30 September 2020 (where not payable by instalments) See TMA 1970, s. 59D.
5 July – Filing deadline for applying for a PSA
Filing deadline for applying for a PAYE settlement agreement (PSA) to have effect for the first time for 2020-21. See SI 2003/2682, reg. 112 and SI 1995/2902, reg. 11.
A PAYE Settlement Agreement (PSA) allows you to make one annual payment to cover all the tax and National Insurance due on minor, irregular or impracticable expenses or benefits for your employees.
If you get a PSA for these items you will not need to:
- – put them through your payroll to work out tax and National Insurance
- – include them in your end-of-year P11D forms
- – pay Class 1A National Insurance on them at the end of the tax year (you pay Class 1B National Insurance as part of your PSA instead)
Some employee expenses are covered by exemptions (which have replaced dispensations). This means you will not have to include them in your end-of-year reports.
6 July – Filing deadline for P11Ds and P11D(b)
Filing deadline for P11Ds and P11D(b) to be submitted to HMRC for 2020/21 and copies of P11Ds to be provided to employees. See SI 2003/2682, reg. 85.
Employment-related securities (ERS) return deadline for 2020-21. See ITEPA 2003, s. 421JA.
When to tell HMRC
You must register all new ERS schemes with HMRC, including one-off awards or gifts of shares.
All new tax-advantaged schemes should be registered by 6 July following the tax year it was established.
The following schemes cannot be registered after 6 July:
- – Share Incentive Plans (SIP)
- – Save as You Earn (SAYE)
- – Company Share Option Plans (CSOP)
You only need to register non-tax advantaged schemes when there’s a reportable event, for example acquiring or disposing of securities, or assigning or releasing securities options.
How to tell HMRC
To tell HMRC about your ERS scheme, you need a Government Gateway user ID and password. If you do not have a user ID, you can create one when you use the service.
After you’ve told HMRC
Within 7 days, you’ll be allocated a scheme reference number. You need to log into ERS online services and ‘View schemes and arrangements’ to see your reference number.
You must submit an ERS return for each registered ERS scheme every year, even if there’s no reportable event.
For Enterprise Management Incentives (EMI) schemes, you must tell HMRC about a grant of an EMI option within 92 days of the date of the grant.
Tell HMRC that your ERS scheme has ceased
To tell HMRC about the cessation of your ERS scheme, you’ll need the Government Gateway user ID and password you used when you told HMRC about the scheme.
You’ll need to give a final event date.
You must submit any outstanding returns until the date of cessation.
7 July – Filing deadline for VAT returns & payments
Filing deadline for VAT returns and payments due for the quarter ended 31 May 2021. See SI 1995/2518, reg. 25, 40.
14 July – Filing deadline for CJRS claims
The filing deadline for Coronavirus Job Retention Scheme (CJRS) claims due for June 2021.
Filing deadline for CT61 returns and payments due for the quarter ended 30 June 2021.
Corporation tax instalment payments due for large companies as follows (See TMA 1970, s. 59E):
- – Year ended 31 March 2021 – instalment 4
- – Year ended 30 June 2021 – instalment 3
- – Year ended 30 September 2021 – instalment 2
- – Year ended 31 December 2021 – instalment 1
- – Corporation tax instalment payments due for very large companies as follows:
- – Year ended 31 July 2021 – instalment 4
- – Year ended 31 October 2021 – instalment 3
- – Year ended 31 January 2021 – instalment 2
- – Year ended 30 April 2022 – instalment 1
19 July – Filing deadline for CIS returns
The filing deadline for CIS returns due for the month ended 5 July 2021.
EPS due for the month ended 5 July 2021 so HMRC can apply a reduction on what is owed from FPS.
PAYE, NICs, student loan deductions and CIS deductions due for the month ended 5 July 2021 (paid non-electronically).
PAYE, NICs, student loan deductions and CIS deductions due for the quarter ended 5 July 2021 (paid non-electronically).
Class 1A NIC due for 2020-21 (paid non-electronically).
22 July – PAYE, NICs, student loan deductions & CIS deductions
PAYE, NICs, student loan deductions and CIS deductions due for the month ended 5 July 2021 (paid electronically).
Class 1A NIC due for 2020-21 (paid electronically).
30 July – Returns & payments due by tenants and agents
Returns and payments due by tenants and agents for rents to non-resident landlords for the quarter ended 30 June 2021.
31 July – SA payments & corporation tax return
Personal and trustee second self-assessment payments on account due for 2020-21.
Corporation tax return due for accounting periods ended 31 July 2020.
The deadline for amending corporation tax returns for accounting periods ended 31 July 2019.
Inheritance tax due for deaths in January 2021 (See IHTA 1984, s. 226).
Need help with your filing deadlines?
Contact MCL Accountants on 01702 593 029 to optimise your tax position or if you need any assistance with your company accounts or tax return filings with HMRC.
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Ishan provides financial management, taxation and transactional advice to business entities of all sizes. His expert areas include statutory compliance, business taxation, personal tax & transactional processing and systems. Industry sectors include professional services, retail, hospitality and entertaining & media and advertising services.
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