Expired deadlines

14 Apr 2014

  • EC sales list

    Deadline for paper monthly or quarterly return filing.

  • CT61 payment

    Due date for income tax for the CT61 period to 31 March 2014.

07 Apr 2014

  • VAT return

    Due date for February VAT returns unless exempted.

06 Apr 2014

  • Start of the new 2014/15 tax year

    The personal allowance for people born after 5 April 1948 increases to £10,000

    The basic rate limit will be set at £31,865

    The loan threshold for cheap loans increases from £5,000 to £10,000

     

  • Personal allowances

    Personal allowance increases from £9,440 to £10,000.

  • Tax bands and exemptions

    Basic rate limit reduces to £31,865. The higher rate band now applies to taxable income from £31,866 to £150,000. Capital gains tax annual exemption increases to £11,000.

  • Pensions

    First day to make a contribution to qualify for tax relief in 2014/15. The annual allowance is now £40,000 and the limit on the amount that can be invested into a registered pension scheme is £1,250,000.

  • ISAs

    First day to use the 2014/15 ISA investment limit of £11,880 (cash maximum of £5,940).

  • Employer loans

    Employers who provide their employees with interest free or low interest loans are no longer required to report the cash equivalent on small loan balances where the outstanding balance is £10,000 or less. Previously this limit was £5,000.

  • Employer national insurance contributions

    Eligible businesses and eligible charities are now entitled to a £2,000 Employment Allowance towards their employer NICs liability

  • Start of the new tax year

    First day of the 2014/15 tax year.

05 Apr 2014

  • End of tax year

    Last day of 2013/14 tax year.

  • Capital gains tax

    Last day to use the 2013/14 capital gains tax exemption of £10,900.

  • Inheritance tax

    Last day to utilise 2013/14 inheritance tax exemptions.

  • ISA

    Last day to use the 2013/14 ISA investment limit of £11,520 (cash maximum of £5,760).

  • Pensions

    Last day to make a contribution to qualify for tax relief in 2013/14. Last day of the £50,000 annual allowance and the £1,500,000 limit on the amount that can be invested into a registered pension scheme.

02 Apr 2014

  • Corporation tax

    End of corporation tax financial year.

01 Apr 2014

  • Corporation tax rate

    The rate of corporation tax reduces to 23%

  • Start of the New ISA

    The old ISA regime is replaced by the New ISA. Total ISA investment for the current tax year is now £15,000 with no limit on the investment in cash. The Junior ISA limit increases to £4,000.

  • Company car tax

    Company car tax - 11% (14% for diesel cars) company car tax band now starts at 76 g/km - this applies to cars with CO2 emissions up to 94 g/km.