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Key Dates for 2024 – UK SME Business Calendar

Effective organisation and timely awareness are paramount for UK SME success. From navigating tax regulations key dates and legal deadlines to capitalising on industry events and fostering employee wellbeing, a multitude of factors warrant consideration. Our SME focused calendar serves as your central resource for highlighting key dates impacting UK business throughout 2024. By strategically applying these important milestones into your existing business calendar, you can effectively strategize, ensure regulatory compliance, leverage growth opportunities, and empower your SME towards a prosperous year.

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Public holidays throughout the year impact business hours, staffing levels, and customer service availability. These include the familiar Good Friday and Easter Monday in March/April, Early May bank holiday in May, Summer bank holiday in August, and Christmas Day and Boxing Day in December. For more information on Holidays, time off, and sick leave entitlement in the UK, visit GOV.UK for the latest.

  • Monday 27th May 2024 – Spring bank holiday
  • Monday 26th August 2024 – Summer bank holiday
  • Wednesday 25th December 2024 – Christmas Day
  • Monday 1st January 2024 – New Year’s Day
  • Friday 29th March 2024 – Good Friday
  • Monday 1st April 2024 – Easter Monday
  • Monday 6th May 2024 – Early May bank holiday

MAY 2024

Wednesday 22nd May 2024 PAYE, NIC & CIS payment (electronic)
Month-end 5th May 2024.

Friday 31st May 2024P60 Deadline
Employers must issue P60 forms to all employees by this date. These forms summarize an employee’s earnings and tax paid for the previous tax year and are crucial for personal tax filings.

Friday 31st May 2024Corporation Tax Returns
31st May 2023 year ends.

Friday 31st May 2024VAT Annual Accounting
31st March stagger VAT return and balancing payment.

Friday 31st May 2024P60
Issue to employees.

Friday 31st May 2024Payrolled Benefits
Provide a statement to employees of specified information for payrolled benefits.

JUNE 2024

Saturday 1st June 2024Payrolled Benefits Confirmation
Deadline to confirm employees’ payrolled benefit information.

Friday 7th June 2024VAT return and associated payments deadline
For the Accounting Quarter ending 30th April 2024.

Saturday 22nd June 2024Corporation Tax returns
30th June 2023 Year Ends.

JULY 2024

Monday 1st July 2024Corporation Tax Payment
30 September 2023 year ends.

Friday 7th July 2024 – VAT Returns & Payments Due
VAT returns and associated payments.

Wednesday 31st July 2024Deadline for filing of accounts with Companies House
Deadline for filing of accounts with Companies House for accounting periods ended 31st October 2023.

Wednesday 31st July 2024Second Payment Deadline For Paying Tax You Owe (2nd Payment Deadline – 2022/23 Tax Year)
This is the final opportunity to settle any outstanding taxes owed from the 2022/23 tax year.

AUGUST 2024

Wednesday 7th August 2024 VAT Return Payment
VAT returns and associated payments.

OCTOBER 2024

Saturday 5th October 2024Self Assessment Registration Deadline (New Businesses)
If you’re a new business established between April 6th, 2023 and April 5th, 2024, register for Self Assessment tax returns by this date. Missing this deadline can result in penalties from HMRC.

Monday 7th October 2024 VAT Return Payment
VAT returns and associated payments.

Wednesday 31st January 2024, by midnight. – Deadline for submitting an Online Return

Friday 5th April 2024UK Tax Year Ends
2023/24 tax year ends.

Saturday 6th April 2024Start Of New Personal Tax Year
The UK tax year runs from April 6th 2024 to April 5th of 2025. This marks a reset for tax allowances and rates, potentially impacting your business finances.

Sunday 14th April 2024CT61
Return and payment for quarter ended 31st March.

Friday 19th April 2024PAYE, NIC & CIS payment (postal)
Quarter-end 5th April 2024.

Monday 22nd April 2024PAYE, NIC and CIS payment (electronic)
Quarter-end 5th April 2024.

Tuesday 30th April 2024 Plastic Packaging Tax
Return and payment quarter-end 31st March.

Tuesday 30th April 2024 Corporation Tax Returns
30th April 2023 year ends.

Tuesday 30th April 2024 Annual Tax on Enveloped Dwellings
Return and payment (or relief declaration) for properties within the scope of ATED on 1st April.

Tuesday 30th April 2024 Non-resident landlord scheme
Payment of tax for the quarter ended 31st March 2024.

Wednesday 1st May 2024 Corporation Tax Payment
31st July 2023 year ends.

Wednesday 1st May 2024 VAT Fuel Scale Charge
VAT Fuel Scale Charge rates for cars updated for VAT return periods beginning on or after 1st May.

Tuesday 7th May 2024 VAT Return Payment
Month-end or quarter 31st March 2024. VAT returns and associated payments.

Tuesday 7th May 2024 VAT Return Submission (online)
Month-end or Quarter 31st March 2024.

Sunday 19th May 2024 PAYE, NIC & CIS Payment (postal)
Payments made to subcontractors in the month to 5 May 2024.

Sunday 19th May 2024 CIS Return
Month-end 5th May 2024.

By 4th June 2024HMRC Custom Declaration Service (CDS)
All exports must all be declared via HMRC’s customs declaration service (CDS) which has been gradually replacing its old system (CHIEF).

Sunday 30th June 2024RLS (Recovery Loan Scheme) Ends
The RLS Government-backed scheme ends and will be replaced with the Government Growth Guarantee Scheme (GGS). Learn more about the Recovery Loan Scheme and how Portman can help. Stay up-to-date with GGS updates on the Portman site.

Monday 1st July 2024GGS (Growth Guarantee Scheme) Starts
The RLS is due to end on June 30th 2024 but it will be replaced by the Growth Guarantee Scheme which begins on 1st July.

Wednesday 6th March 2024UK Spring Budget
The Chancellor of the Exchequer, Jeremy Hunt, presented his 2024 Spring Budget to Parliament on 6th March 2024 and published supporting documents on the GOV.UK website. The government unveils its economic and tax plans for the coming year during the Spring Budget which can have significant implications for your business, so staying informed about potential changes is crucial for effective financial planning. See a summary, from the UK Parliament website.

Monday 1st April 2024UK VAT Registration Threshold
The UK VAT registration threshold increases from £85,000 to £90,000 and the de-registration threshold from £83,000 to £88,000.

1st April 2024National Minimum Wage Increase
The government announces a new minimum wage, which becomes mandatory for all qualifying employees. This can affect your payroll costs and necessitate adjustments to employee salaries.

Saturday 6th April 2024Flexible Working Legislation
From this date, employees gain the right to request flexible working arrangements from their employers. Be prepared to review your HR policies and handle potential requests for flexible work schedules. Find out more on how to prepare on the GOV.UK site.

5th-6th June 2024GEO Conference 2024 (ExCeL London)
GEO Business is a platform for you to connect with the geospatial community and unlock the potential of geospatial innovation. Discover the latest solutions from 130+ geospatial brands. Explore and debate new advancements in the field. Be inspired by informative talks and learn from expert speakers. Connect with others in the profession and exchange ideas. See more on the GEO Business site.

19th-20th September 2024The 2024 ABC Conference (Magna Science Adventure Centre, Rotherham)
The ABC is a small but ambitious organisation set to improve the opportunities and experience of the climbing wall industry and everyone that engages with it. Find out more from the ABC Conference and book tickets or stalls, online.

6th-7th November 2024Land, Leisure, and Tourism Show (The NEC/National Exhibition Centre, Birmingham)
Connecting the worlds of Land, Leisure and Tourism. Discover the future of land, leisure, and tourism at the first-ever Land, Leisure, and Tourism Show event. Find out more or book a stand via the LLTShow site.

5th-11th February 2024National Apprenticeship Week
This week-long event highlights the value of apprenticeships. Consider exploring apprenticeship schemes as a way to up-skill your existing workforce or attract new talent with valuable on-the-job training.

15th February 2024Love Business EXPO (Loughborough University Science and Enterprise Park, Loughborough)
A business-to-business event designed to foster personal and professional growth for entrepreneurs and business owners. See the Love Business EXPO website for more on this past event and next year’s key dates.

28th-29th February 2024Gloucestershire Business Show (The University of Gloucestershire School of Business, Oxstalls Campus, Gloucester)
Dubbed a “festival of business and innovation,” this event features various exhibitors and discussions relevant to a range of industries. To see more on past and present events, visit the Gloucestershire Business Show site.

23rd-24th April 2024SME XPO (ExCeL London)
SME XPO is a FREE networking exhibition and conference run by the Evening Standard and designed to support the UK scale-up community. This event is designed to educate business leaders and owners, covering everything from strategy, investment, scaling-up, to sustainability, and more. Find out more from the SME EXPO website.

6th-10th November 2024Talk Money Week
Financial worries can be a significant source of stress for employees. Utilize Talk Money Week as an opportunity to raise awareness about financial wellbeing and offer resources to help your staff manage their finances effectively. This can lead to a more engaged and productive workforce.

April 2024Stress Awareness Month 2024
Employee stress can significantly impact productivity and morale. Dedicate April to promoting employee wellbeing by implementing stress management initiatives, such as workshops or flexible work arrangements.

Thursday 23rd May 2024Portman Veteran’s Recruitment Open Day ( Portman House, 300 Pavilion Drive, Northampton)
Find out more on the Portman Veteran Fast-track Programme page.

No past events or key dates currently available.

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