APRIL 2004

6 April

Tax returns will be issued for 2003/04

MAY

19 May

Companies must submit forms P14, P35, P38/38A (detailing PAYE and NIC deductions) to avoid penalty

31 May

Employees should receive their P60 for 2003/04 by this date.

JULY

6 July

Companies must file form P11D.

31 July

Second instalment due of "Self Assessment" income tax for 2003/04

SEPTEMBER

30 September

Tax return for 2003/04 should be sent to the Inland Revenue to avoid tax penalty, if the individual wants the IR to calculate the tax.

JANUARY 2005

31 January

Balance of "Self Assessment" tax due for 2003/04

First instalment due for "Self Assessment" 2004/05

Tax return must be with IR by this date (£100 penalty if missed).

Capital gains liability due for 2003/04

FEBRUARY

28 February

6.5% surcharge on any unpaid 2003/04 tax.

MARCH

31 March

Last opportunity:

for occupational pension scheme members to make AVCs in this tax year.

to take advantage of the annual CGT exemption for this year.

to make use of any unused £3,000 annual exemption from IHT brought forwards from 2003/04

to use up small gifts expenditure exemption for this year.

to invest in 2004/05 ISA.

to invest in a Property Enterprise Zone Trust for the 2004/05 tax year.

to invest in an Enterprise Investment Scheme for 2004/05 tax year.