Tax year 2026/27

Every tax deadline a UK trade business needs

Self Assessment, payments on account, CIS returns, VAT and the four new Making Tax Digital updates, in the order they actually land. Bookmark it, because 2026/27 is the first year the list got longer rather than shorter.

The 2026/27 tax year in order

Highlighted rows are the ones that cost real money if you miss them.

  1. 6 April 2026The 2026/27 tax year starts

    Everyone

    Also the day Making Tax Digital for Income Tax went live for sole traders and landlords with qualifying income over £50,000.

  2. 31 May 2026P60s out to employees

    Anyone running payroll

    Every employee on the books at 5 April needs their P60 by this date.

  3. 6 July 2026P11D deadline

    Limited companies with benefits in kind

    Report expenses and benefits, including company vans and van fuel, for the year to 5 April 2026.

  4. 22 July 2026Class 1A National Insurance due

    Limited companies with benefits in kind

    Paying electronically gives you until the 22nd. By post it is the 19th.

  5. 31 July 2026Second payment on account for 2025/26

    Sole traders with a bill over £1,000

    Half of last year’s tax bill, due whether or not you have earned it yet. The single most common cash flow shock in the trades.

  6. 7 August 2026First MTD quarterly update

    Qualifying income over £50,000

    Covers 6 April to 5 July 2026. More than 864,000 sole traders and landlords are in this first wave.

  7. 5 October 2026Register for Self Assessment

    Anyone who went self employed during 2025/26

    If you started trading in the 2025/26 tax year and have never filed before, this is your registration deadline.

  8. 31 October 2026Paper Self Assessment deadline

    Anyone still filing on paper

    Three months earlier than the online deadline, which is reason enough to file online.

  9. 7 November 2026Second MTD quarterly update

    Qualifying income over £50,000

    Covers 6 July to 5 October 2026. Figures are cumulative, so this restates the year so far.

  10. 30 December 2026File online to spread the bill through PAYE

    Anyone with employment income as well as trade income

    Owe under £3,000 and file by this date and HMRC can collect it through next year’s tax code instead of in one lump.

  11. 31 January 2027The big one

    Every sole trader

    Online Self Assessment for 2025/26, the balancing payment for 2025/26, and the first payment on account for 2026/27, all due on the same day.

  12. 7 February 2027Third MTD quarterly update

    Qualifying income over £50,000

    Covers 6 October to 5 January. Lands a week after Self Assessment, which is poor timing by anyone’s standards.

  13. 5 April 2027The 2026/27 tax year ends

    Everyone

    From the following day the MTD threshold drops to £30,000, which pulls most one person trade businesses into scope.

  14. 7 May 2027Fourth MTD quarterly update

    Qualifying income over £50,000

    Covers 6 January to 5 April 2027 and closes the first full year of quarterly filing.

  15. 31 July 2027Second payment on account for 2026/27

    Sole traders with a bill over £1,000

    And around it goes again.

The ones that repeat

These do not appear once a year. They come round every month or every quarter, forever.

CIS monthly return19th of every month

Contractors file a return for each tax month, which runs 6th to 5th. The return for 6 July to 5 August is due by 19 August. A nil return is still required if you paid nobody.

PAYE and CIS payment22nd of every month

Pay electronically and you have until the 22nd. Pay by post and it is the 19th. Small employers can arrange to pay quarterly instead.

VAT return and paymentOne month and seven days after each VAT quarter

A quarter ending 31 March means a return and payment due by 7 May. Direct debit collections come out three working days later.

Quarterly updatesEvery quarter under MTD

Due 7 August, 7 November, 7 February and 7 May. One update per income source, so a trade with a rental property files two each time.

What missing them costs

Worth knowing which deadlines are expensive and which are merely annoying.

Penalties for missing UK tax deadlines
Missed deadlineWhat it costs
Self Assessment filed late£100 immediately, even if you owe nothing. Then daily penalties after three months.
Tax paid late5% of the outstanding amount at 30 days, again at 6 months and again at 12 months, plus interest running throughout.
CIS return filed late£100 at one day late, £200 at two months, then £300 or 5% of the deductions at six months.
MTD quarterly update filed lateNothing in the first year. From 2027/28, a point per late update and a £200 penalty at four points.

The pattern is worth noticing. Filing late is a flat fine you can survive. Paying late compounds, and interest runs the whole time. If money is tight, always file on time and talk to HMRC about a payment plan rather than going quiet.

Common questions

What are the main tax deadlines for a self employed tradesperson?
Three matter most. 31 January is the online Self Assessment filing deadline plus your balancing payment and first payment on account. 31 July is your second payment on account. And since April 2026, if your turnover is over £50,000, quarterly MTD updates are due on 7 August, 7 November, 7 February and 7 May.
What is a payment on account and why do I owe one in July?
HMRC asks you to pay next year’s tax in two instalments based on last year’s bill, half on 31 January and half on 31 July. It applies once your bill goes over £1,000, unless more than 80% of your tax was already deducted at source. It catches trades out because the July payment arrives with no return to prompt it and no income attached to it.
When is the CIS return due?
By the 19th of each month, covering the tax month that ran from the 6th of the previous month to the 5th of the current one. So the return covering 6 July to 5 August is due 19 August. If you paid no subcontractors that month you still file a nil return, and you are still fined £100 if you do not.
What happens if I file my tax return late?
A £100 penalty lands immediately at one day late, even if your bill is zero or you are due a refund. Daily penalties start after three months, and late payment penalties of 5% apply at 30 days, 6 months and 12 months on top, with interest running the whole time.
Do the MTD quarterly updates replace my tax return?
No. Self Assessment carries on exactly as before, with a final declaration and payment due by 31 January. The quarterly updates are additional, which means five filings a year instead of one.

Compiled July 2026 for the 2026/27 UK tax year. General guidance for trade businesses rather than advice for your circumstances. Confirm anything that matters on gov.uk or with your accountant.

Never scramble for a figure again

Invoices, expenses and CIS deductions recorded as you go, totalled by quarter and by tax year. When the date comes round, the numbers are already there.