APRIL 2005

6 April

Tax returns will be issued for 2004/05

MAY 2005

19 May

Companies must submit forms P14, P35, P38/38A (detailing PAYE and NIC deductions) to avoid penalty

31 May

Employees should receive their P60 for 2004/05 by this date.

JULY 2005

6 July

Companies must file form P11D.

31 July

Second payment on account due for tax year 2004/05

SEPTEMBER 2005

30 September

Tax return for 2004/05 should be sent to the Inland Revenue to avoid tax penalty, if the individual wants the IR to calculate the tax.

JANUARY 2006

31 January

Balancing payment due for tax year 2004/05

First payment on account due for tax year 2005/06

Tax return must be with IR by this date (£100 penalty if missed).

Capital gains liability due for 2004/05

FEBRUARY 2006

28 February

Surcharge on any unpaid tax that was due on 31st January 2006.

MARCH 2006

31 March

Last opportunity:

for occupational pension scheme members to make AVCs in this tax year.

to take advantage of the annual CGT exemption for this year.

to make use of any unused £3,000 annual exemption from IHT brought forwards from 2004/05

to use up small gifts expenditure exemption for this year.

to invest in 2005/06 ISA.

to invest in a Property Enterprise Zone Trust for the 2005/06 tax year.

to invest in an Enterprise Investment Scheme for 2005/06 tax year.