Tax and business calendar

31 Mar 2020

• Corporation tax

  End of corporation tax financial year.

• Corporation tax return

  Filing deadline for corporation tax return self-assessment form CT600 for period ended 31 March 2019 to be submitted to HMRC.

• Company accounts filing deadline

  Deadline for filing your company tax return is 12 months after your accounting period for corporation tax ends.

• CT61

  End of CT61 quarterly period.

01 Apr 2020

• National living wage

  National living wage increases from £8.21 to £8.72 an hour for over-25s.

• RDEC increases to 13%

  Research and development expenditure credit changes from 12% to 13%.

• Business rates holiday

  For a year from 1 April 2020, all retail, leisure and hospitality businesses in England will have a 100% discount on business rates.

06 Apr 2020

• Residence nil-rate band

  Residence nil-rate band increases from £150,000 to £175,000.

• Buy-to-let finance costs

  Percentage of finance costs deductible from rental income reduces to 0%. Percentage of basic rate reduction is 100%.