Taxpayers must undertake various tasks throughout the year, such as filing returns and paying tax, by certain dates. If these deadlines are missed, HMRC may charge late filing and late payment penalties. Interest is also charged on tax paid late. Below we take a look at the November key dates you might like to note in your diary.
November key dates
They key dates in November 2023 are 1 November for corporation tax payments, 2 November for filing a P46(Car), 7 November for filing VAT returns and paying VAT, 17 November for payment of PAYE and NIC by cheque and 22 November for payment of PAYE and NIC electronically
This note explains some important tax deadlines which must be met in November 2023.
2 November 2023
If you have not opted to payroll company cars, you will need to tell HMRC on form P46(car) if you provided a car, or a further car, to an employee or a director in the quarter to 5 October 2023, or if a car that was provided to an employee or a director was withdrawn in that quarter. The form can either be filed on line or completed on screen, printed and sent to HMRC (see www.gov.uk/tell-hmrc-company-car).
5 November 2023
PAYE tax month 7 comes to an end on 5 November 2023.
7 November 2023
VAT-registered businesses must file their VAT return for the quarter to 30 September 2023 online by 7 November 2023 and pay any associated VAT by the same date.
17 November 2023
If you pay your PAYE and NIC by cheque, you must ensure that your payment for month 7 (to 5 November 2023) reaches the Accounts Office by 17 November 2023. This is because the normal payment date of 19 November 2023 falls on a Sunday. Consequently, the payment must reach HMRC by the previous Friday (17 November 2023) to avoid being treated as late.
While HMRC do operate a three day period of grace for payments received within three days or the due date, it is prudent to post the cheque in sufficient time for it to reach HMRC by 17 November 2023.
22 November 2023
If you pay your PAYE and NIC electronically, you enjoy a later deadline than those who pay by cheque. The deadline for electronic payments is the 22nd of the month. If you pay electronically, you will need to ensure that your payment of PAYE and NIC for month 7 clears HMRC’s account by 22 November 2023.
30 November 2023
Companies with a 30 November 2022 year end must ensure that they have filed their company tax return by 30 November 2023.
If you would like to discuss anything contained in this article with a member of our team please contact us via our contact form or call us on 020 7870 9050 where a member of our team is waiting to take your call.