When are end of year account due?
The deadline for submitting end-of-year accounts depends on the type of business entity and the requirements of HMRC and Companies House:
1. Limited Companies:
- Companies House Filing Deadline:
- First Year: You must file your first set of accounts within 21 months of incorporation.
- Subsequent Years: Accounts must be filed within 9 months after the end of your company’s financial year.
- HMRC Filing Deadline for Corporation Tax:
- Your company tax return (CT600) must be filed within 12 months after the end of your accounting period.
- Corporation Tax Payment:
- The payment of Corporation Tax is due 9 months and 1 day after the end of your accounting period.
2. Sole Traders and Partnerships:
- Self-Assessment Tax Return:
- You must file your tax return by:
- 31 January following the end of the tax year (which runs from 6 April to 5 April).
- The payment of any tax owed is also due by 31 January.
- You must file your tax return by:
- Paper Returns:
- If submitting a paper return, the deadline is 31 October following the end of the tax year.
Key Dates Summary:
| Entity | Deadline |
|---|---|
| Companies House | 9 months after the financial year-end |
| HMRC (Tax Return) | 12 months after the financial year-end |
| Corporation Tax | 9 months and 1 day after the financial year-end |
| Sole Traders | 31 January (online) or 31 October (paper) |
Example for a Limited Company:
- Financial Year-End: 31 March 2024
- Companies House Deadline: 31 December 2024
- Corporation Tax Payment Due: 1 January 2025
- Company Tax Return Due: 31 March 2025
Don’t Miss the Deadlines!
Failing to file your accounts on time can result in penalties and interest charges from both HMRC and Companies House.
If you need help managing your deadlines, Merranti Accounting is here to assist. We can keep track of your filing obligations to ensure you stay compliant.
