- Starts: 6 April 2025
- Ends: 5 April 2026
Useful Information
📆 UK Tax Year Duration
🧾 Important Deadlines by Type
🏢 Limited Companies
- Register for Corporation Tax: Within 3 months of starting business
- Pay Corporation Tax: 9 months + 1 day after accounting period ends
- File Tax Return (CT600): 12 months after accounting period ends
- Annual Accounts to Companies House: Within 9 months of ARD
- Confirmation Statement: Within 14 days of anniversary
🤝 LLPs
- Tax Return:
- Online: by 31 Jan 2026
- Paper: by 31 Oct 2025
- LLP Accounts: 9 months after ARD
- Confirmation Statement: Within 14 days of due date
👤 Self-Assessment (Individuals)
- 2023–24 tax return (online): 31 Jan 2025
- 2024–25 tax return (online): 31 Jan 2026
- Paper return (2024–25): 31 Oct 2025
- Register for Self Assessment: 5 Oct 2025
- Tax payments:
- 1st on account (2024–25): 31 Jan 2025
- 2nd on account (2024–25): 31 Jul 2025
- Final for 2024–25: 31 Jan 2026
💼 Employers (PAYE)
- Final payroll report (FPS): 5 April 2025
- P60s to employees: 31 May 2025
- P11D / P11D(b) & benefits report: 6 July 2025
- Pay Class 1A NICs: 22 July 2025
🧾 VAT
- Register if turnover > £90,000
- VAT Returns & Payment: 1 month + 7 days after end of period
- Annual Scheme: Return/payment due 2 months after year-end
🔄 Key Tax & Payroll Changes (from April 2025)
💷 Wage Increases (from 1 April)
- National Living Wage (21+): £12.21/hour
- 18–20s: £10.00 | 16–17s / Apprentices: £7.55
🧾 Statutory Pay Rates
- Sick Pay: £118.75/week
- Family-related Pay: £187.18/week
- Eligibility threshold: £125/week
📈 Employer NICs
- Rate rises to: 15%
- Threshold drops to: £5,000
- Employment Allowance increases to: £10,500
🏘️ Other Key Changes
- Furnished Holiday Let tax perks abolished
- Capital Gains Tax Relief rates rising (14%, then 18%)
- Business Rates Relief (RHL): 40% up to £110,000 cap
- No changes to personal Income Tax thresholds (except Scotland)
- State Pensions up by 4.1%
Here’s a detailed but digestible summary of the UK Tax Year 2025–26, covering the main dates, obligations, and changes for individuals, companies, employers, and landlords:
📅 UK Tax Year Overview
- Tax year duration: 6 April 2025 to 5 April 2026
- This 12-month period is used by HMRC to calculate personal taxes.
- Not to be confused with the financial year (used for Corporation Tax) or the calendar year.
✅ Key Tax Deadlines
👤 Self-Assessment (for individuals, sole traders, landlords, directors)
| Action | Deadline |
|---|---|
| File online tax return for 2024–25 | 31 January 2026 |
| Submit paper tax return | 31 October 2025 |
| Register for Self Assessment (if new) | 5 October 2025 |
| Pay 2023–24 balance & 1st 2024–25 payment on account | 31 January 2025 |
| Pay 2nd payment on account for 2024–25 | 31 July 2025 |
| Final payment for 2024–25 & 1st payment for 2025–26 | 31 January 2026 |
🏢 Limited Companies
| Action | Deadline |
|---|---|
| Register for Corporation Tax | Within 3 months of starting trading |
| Pay Corporation Tax | 9 months + 1 day after accounting period ends |
| File Company Tax Return (CT600) | Within 12 months of end of accounting period |
| File annual accounts with Companies House | Within 9 months of ARD |
| Submit confirmation statement | Within 14 days of due date |
🤝 Limited Liability Partnerships (LLPs)
- LLPs must file:
- Annual confirmation statement within 14 days of due date
- LLP accounts within 9 months of ARD
- Partnership Tax Return
- Online: 31 January 2026
- Paper: 31 October 2025
💼 Employers (PAYE and payroll)
| Action | Deadline |
|---|---|
| Submit final FPS for 2024–25 | By 5 April 2025 |
| Provide P60 to employees | By 31 May 2025 |
| File P11D / P11D(b) for benefits | By 6 July 2025 |
| Pay Class 1A NICs | By 22 July 2025 |
| PAYE payments | Monthly by 22nd or 19th (if by cheque) |
🧾 VAT-Registered Businesses
- VAT registration threshold: £90,000 turnover
- VAT Return deadlines:
- Standard scheme: 1 month + 7 days after quarter ends
- Annual scheme: 2 months after year end
- Payments on account: Last working day of 2nd and 3rd month of each quarter
🔄 Key Tax & Payroll Changes (Effective April 2025)
💰 National Minimum & Living Wage Increases (from 1 April 2025)
| Category | New Hourly Rate |
|---|---|
| National Living Wage (21+) | £12.21 |
| 18–20 year olds | £10.00 |
| 16–17 year olds & apprentices | £7.55 |
🧾 Statutory Pay Increases
- Sick Pay: £118.75/week
- Maternity, Paternity, Adoption, Shared Parental Pay: £187.18/week
- Maternity Allowance: £187.18/week
- Earnings threshold for statutory payments: £125/week
📈 Employer NIC Changes
- Class 1 NIC rate increases from 13.8% to 15%
- Secondary threshold drops to £5,000
- Employment Allowance doubles to £10,500
- Eligibility expands (no more £100k limit)
🏘️ Property & Capital Gains
- Furnished Holiday Letting tax regime abolished
- Capital Gains Tax on Business Asset Disposal Relief & Investors’ Relief:
- 14% from 6 April 2025
- 18% from 6 April 2026
💼 Business Rates Relief
- Retail, hospitality, leisure properties get 40% discount, capped at £110,000
- Small business multiplier remains at 49.9p
- Standard multiplier rises to 55.5p
💷 Income Tax
- No changes to UK-wide Income Tax thresholds
- Scottish Income Tax rates adjusted (top rate now 48%)
👵 Pensions
- New State Pension: £230.25/week (was £221.20)
- Basic State Pension: £176.45/week (was £169.50)
- Pension Credit Minimum Guarantee:
- Single: £227.10/week
- Couple: £346.60/week
📊 Dividend & NIC Updates
- Dividend allowance remains at £500
- Voluntary NICs increase:
- Class 2: £3.50/week
- Class 3: £17.75/week
