UK tax year dates – 2022/2023

What date does the tax year start? In the UK, the start and end of the tax year do not fall on the same timeframe as the calendar year. Just like the calendar year, the new tax year date falls in the 12-month timetable, according to which you must settle your tax payments and returns.

What are the tax year dates?

When is the new tax year start date, and when is the end of the tax year? In the UK, the tax year start date is April 6th of each calendar year and the tax year end date is April 5th of the following year. Thus, the current tax year dates for 2022/2023 began on April 6th, 2022 and will close on April 5th, 2023.

Important dates in the 2022 tax year you need to know

• 6th April 2022: The beginning of the 2022/2023 tax year, starting from which new tax rates and allowances go into effect, according to the UK government’s tax policy.
• 19th April 2022: The deadline for final PAYE submissions due for the 2021/2022 tax year ending on April 5th, 2022.
• 30th April 2022: From this day, penalties for any unfiled Self-Assessment tax forms from the previous tax year are applied.
• 5th July 2022: This is the last day to agree on a PAYE Settlement Agreement with HM Revenues and Customs.
• 31st July 2022: For the self-employed, this is the last day to make a second payment for your taxes owed from the previous tax year. After this date, penalties will be applied to SA returns and unpaid taxes due by January 31st of the 2021/2022 tax year.
• 5th October 2022: The deadline for submission of tax returns for the tax year.
• 31st October 2022: The deadline for submission of tax returns in paper format for the tax year ending 5th April 2021.
• 5th April 2023: The end of the 2022/2023 tax year.

Important dates in the 2023 tax year you need to know

• 31st January 2023: Online self-assessment tax return deadline date for 2022/2023. It is also the deadline to pay the tax you owe. Self-employed have to make their first payment on account on this date.
• 6th April 2023: The beginning of the 2023/2024 tax year, starting from which new tax rates and allowances go into effect, according to the UK government’s tax policy.
• 19th April 2023: The deadline for final PAYE submissions due for the 2022/2023 tax year ending on April 5th, 2023.
• 30th April 2023: From this day, penalties for any unfiled Self-Assessment tax forms from the previous tax year are applied.
• 5th July 2023: This is the last day to agree on a PAYE Settlement Agreement with HM Revenues and Customs.
• 31st July 2023: For the self-employed, this is the last day to make a second payment for your taxes owed from the previous tax year. After this date, penalties will be applied to SA returns and unpaid taxes due by January 31st of the 2022/2023 tax year.
• 5th October 2023: The deadline for submission of tax returns for the tax year.
• 31st October 2023: The deadline for submission of tax returns in paper format for the tax year ending 5th April 2022.
• 30th December 2023: The deadline to submit an online tax return for automatic payment of owed taxes from your pension and wages.
• 5th April 2024: The end of the 2023/2024 tax year.

Why is the end of the tax year important?

It’s important to know the dates and deadlines of the tax year for your own financial planning, so that you pay your taxes when they are due without incurring extra penalties, and receive the tax refunds that you are owed – people employed under the PAYE system may only lay claim to tax refunds for the last four years. This is especially true for those that are self-employed.

Unlike salaried employees, who pay taxes on their income through the PAYE system (Pay As You Earn) and receive tax forms from their employers, self-employed workers are responsible for declaring their earnings through Self-Assessment forms and paying their own taxes on the earnings based on these forms.

For salaried employees that earn income through the PAYE system, there are some situations in which you may need to file an additional tax return form, such as if you receive additional income from investments, from overseas, or you earn tips or commission through your line of work.

Salaried employee tax year dates

For salaried employees that earn income through the PAYE system, if you are eligible for a tax rebate, you need to make sure that you apply for the rebate before the end of the tax year, since you are only able to collect rebates for the previous four tax years.

Self employed tax year dates

As a self-employed worker, it is up to you to remember the dates and deadlines for completing your Self Assessment tax return and filing your tax return each year so that you don’t incur late penalties and end up paying more in taxes than you should.

Take careful note of the filing dates below to make sure you file and pay your taxes on time.

Self Assessment filing dates

For self-employed workers, there are additional tax dates to remember for the additional documentation that they must provide when paying taxes. Self employed workers must also fill out and file self assessment forms declaring their income during the tax year, and the deadlines for filing these forms are not the same as the dates salaried employees must follow.

Below are some important dates to remember for self-employed workers for 2022:

• 30th December 2021: The deadline for online self-assessment tax return submissions for the 2020/2021 tax year ending 5th April 2021.
• 31st January 2022: The deadline for online submission of self-assessment tax returns for the tax year 2021/2022. This is also the deadline for paying any unpaid taxes due for the same tax year.
• 5th April 2022: The end of the 2021/2022 tax year, and the last day for claiming tax refunds from self assessments in the last four tax years.
• 6th April 2022: The beginning of the 2022/2023 tax year.
• 5th October 2022: The deadline to register as a self-employed worker with the HMRC for the current tax year.
• 31st October 2022: The deadline for submitting hard copies of the self-assessment for the 2021/2022 tax year
• 30th December 2022: The deadline for online self-assessment tax return submissions for the 2021/2022 tax year ending 5th April 2022.
• 31st January 2023: The deadline for online self-assessment tax returns for the 2021/22 tax year.

Below are some important dates to remember for self-employed workers for 2023:

• 30th December 2022: The deadline for online self-assessment tax return submissions for the 2021/2022 tax year ending 5th April 2022.
• 31st January 2023: The deadline for online submission of self-assessment tax returns for the tax year 2022/2023. This is also the deadline for paying any unpaid taxes due for the same tax year.
• 5th April 2023: The end of the 2022/2023 tax year, and the last day for claiming tax refunds from self assessments in the last four tax years.
• 6th April 2023: The beginning of the 2023/2024 tax year.
• 5th October 2023: The deadline to register as a self-employed worker with the HMRC for the current tax year.
• 31st October 2023: The deadline for submitting hard copies of the self-assessment for the 2022/2023 tax year
• 30th December 2023: The deadline for online self-assessment tax return submissions for the 2021/2022 tax year ending 5th April 2023.
• 31st January 2024: The deadline for online self-assessment tax returns for the 2022/23 tax year.

Other dates to be aware of

Filing VAT for businesses that charge VAT is now done online, paper applications are no longer available except in certain circumstances. Online filing for VAT is typically due one month and seven days after the end of an accounting period, which is every three months. However, if you use the VAT annual accounting scheme, you file your VAT return yearly, and the annual VAT return submission deadline is two months after the end of your accounting period.

Use your online VAT account to check your VAT return due dates and payment clearance deadline. You should pay your VAT the day it is due. Payments are made monthly, quarterly, or annually. Monthly VAT payments are due from the end of the fourth month to the 12th month of your accounting year, making nine payments per year. Quarterly VAT payments are due from the end of the fourth, seventh and tenth month of your account year, making three payments per year.

The deadline for corporation tax for limited companies is after the company accounts have been filed, which is 12 months after the end of the accounting period. Each company has a different corporation tax return-filing deadline, as companies have different financial year dates, so be mindful of yours. Corporation tax bill payments are due nine months and one day after the end of the accounting period.

Knowing your tax year dates

While it may seem like there are many dates to remember, the fact that the tax year’s open and close date doesn’t coincide with the calendar year may cause some confusion at first. However, once you have a few rounds of tax years completed, you’ll find that the process isn’t really so complicated after all! Though if you find that you still have difficulty remembering the dates and meeting the deadlines, you may want to consider asking the help of a financial advisor to make sure that you pay what is due on time, and receive the tax refunds you are entitled to!

FAQ

What date does the 2022/2023 tax year start?

The 2022/23 financial tax year dates start from Wednesday, April 6th 2022, until Wednesday, April 5th 2023.

Is 2022 a 53 week tax year?

No, the year 2022 is not 53 week tax year, it is a 52 week tax year.

What date does the tax year-end 2022?

The current tax year ends on 5 April 2023. The 2023/24 tax year starts the following day, ending on 5 April 2024.