Wednesday, 7 December 2011

Property - Timeline

Generally for taxation see the link: http://www.hmrc.gov.uk/agents/tax-deadlines.pdf for dates which your (if any) tax agent's will need to comply.
The following list of dates and detail has been compiled from several sources - it may not be accurate. You are strongly advised, therefore, not to rely exclusively on this information but be sure to check any relevant dates, etc with your professional advisers before taking action.

2012
January
  • 31st        Watch out for particular weekend arrangements, if OK or not relevant, last day for on-line self-assessment for income tax year 2010/2011. (Digital password and other security checks/data should be obtained by a certain last day earlier in month!)
March
  • 21st       Budget Day  
April
  • 1st            All VAT-registered businesses must submit returns on-line from this date. There are a limited number of exemptions for small businesses.
  •                   New  corporation tax year 2012/2013 begins.
  •                  Annual invstment allowance (AIA) on company's expenditure on plant and machinery is reduced to £25,000 pa.
  •                  If accounting period goes across 1 April, any qualifying expenditure is apportioned - so be aware...?
  •                  Seed Investment Entreprise Allowance (SIEA) - Investors get reliefs from income tax and capital gains tax.
  •                  Local taxation year begins for both council tax and  rating.
  • 6th            New income tax year  2012/2013 begins                                   
October 
  • 1st(?)     The energy Green Deal scheme begins.
  • 31st        Last date for paper submission of income tax self-assessment for tax year 2011/2012

2013


2014
              2014 to 2019   Prospective plan is to fit 50 million smart meters (for energy monitoring) into dwellings
2015


2016

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