Dodging Deadline Day

Written By Johnny Buchanan

Deadlines shouldn’t feel like ticking time bombs. Whether it’s filing company accounts, submitting your Self Assessment, or keeping up with VAT returns, missing a date can lead to unnecessary stress and costly penalties.

At Shaw & Co, we provide reliable, expert accountancy services designed to keep you compliant and stress-free.

Tax deadlines are important.

Missing them can be costly, but with planning, the process is made easy and manageable.

Limited Company Accounts

If you run a limited company, you must file your annual accounts with Companies House typically within 9 months of your company’s financial year-end.

Why it matters:

  • Late filing leads to automatic fines that increase over time.

  • Inaccurate or delayed submissions can affect your business reputation.

A good accountant will help you:

  • Prepare your accounts accurately and efficiently.

  • Submit everything on time.

  • Keep you informed and compliant — no last-minute rushes.

  • Provide you with peace of mind knowing your accounts are in safe hands.

Company Benefits in Kind

Providing company benefits to employees, such as vehicles or health insurance, is subject to Class 1A National Insurance with a deadline for submission via a P11D by 6 July.

Deadlines to remember:

  • 6 July for online submission and provision of reports to employees.

  • 19 July for payment of NICs by cheque.

  • 22 July for payment of NICs by electronic methods.

Late filing can result in a £100 penalty per 50 employees for each month your P11D is late.

Sold a property?

You might owe Capital Gains Tax (CGT). Shaw & Co can check this for you and help you do the calculations correctly. (More below).


Self Assessment Tax Returns

Individuals, including company directors, must file a Self-Assessment tax return each year by the close of the tax year, 5th April.

Deadlines to remember:

  • 31 October for paper submissions.

  • 31 January for online submissions.

Late filing can result in an instant £100 penalty, with additional charges the longer it’s overdue.

If you are required to comply with HMRC’s Making Tax Digital for 2026/27, click here to read more on additional requirements and deadlines.

VAT Returns

If your business is VAT-registered, staying organised with VAT returns is essential for smooth cash flow.

Key points:

  • Returns are due 1 month and 7 days after each VAT period ends.

  • Late or missing returns can lead to penalties, interest, and cash flow issues.

Shaw & Co:

  • We handle all your VAT calculations and submissions.

  • You receive reminders and updates to stay ahead of deadlines.

  • Your business stays compliant and financially healthy.

Capital Gains Tax — Report Within 60 Days

If you sell a property or asset subject to Capital Gains Tax (CGT), you must report and pay within 60 days of completion.

It can get complex — multiple factors can influence your calculation.

How we simplify it for you:

  • We assess your gain accurately.

  • We apply all available reliefs, exemptions, and claims.

  • We minimise your tax liability while keeping you fully compliant.

 

A Reliable Partner You Can Trust

At Shaw & Co, we understand how busy business life can be. Our approach is built on:

  • Reliability — we never miss a deadline.

  • Accuracy — we get the numbers right.

  • Timeliness — we keep you ahead of schedule.

Partnering with us means no more deadline stress; just confident and efficient financial management.

Don’t let the deadline sneak up on you.

Contact Shaw & Co today on 01603 975976 to find out how we can help you.

Johnny Buchanan
Next

Autumn Budget Analysis 2025