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Tax Dates for the Self-employed in 2024/25

Tax Dates for the Self-employed in 2024/25 | Ashored Bookkeeping and Accountancy

Introduction

Anyone who is self-employed must submit tax returns and pay any tax owed by certain key dates. Anyone who is newly self-employed must also register for self-assessment by a certain date to make sure they pay the correct amount of tax.


Here we list the key tax dates for the self-employed in the 2024/25 tax year which begins on 6 April 2024 and ends on 5 April 2025. The factsheet does not provide a definitive list of dates and professional advice should be sought from an accountant or tax professional where necessary.


Key tax dates

6 April 2024

  • The 2024/25 tax year begins.

31 July 2024

  • The second payment deadline for making advanced 'payments on account' for the tax year 2023/24 is due.

5 October 2024

  • Anyone who is newly self-employed must register for self-assessment by 5 October in their second business tax year.

31 October 2024

  • Paper-based self-assessment returns for the tax year ending 5 April 2024 must be submitted by this date.

30 December 2024

  • Deadline for online submission of self-assessment tax returns for the tax year ended 5 April 2024, if less than £3,000 is owed and the self-employed person wants HMRC to automatically collect tax owed from their wages and pension via their PAYE tax code.

31 January 2025

  • Deadline for submitting an online tax return to HMRC for the tax year ending 5 April 2024.

  • The balancing income tax payment (which includes Class 2 and Class 4 National Insurance) for the tax year 2023/24 must be paid by this date.

  • Anyone with an income tax liability of more than £1,000 is required to make the first of two payments on account for the tax year 2024/25 to HMRC by this date.

5 April 2025

  • The 2024/25 tax year ends.


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