How to prepare for the 2023 tax year end

When running a business, there are many different dates and pieces of information that you need to be aware of and have in mind throughout the year. Unfortunately, running a business isn’t as straightforward as we’d often like it to be. You need to be on top of the latest HMRC guidelines and deadlines in order to comply with tax regulations and avoid any penalties. Here’s where we are here to help – we’ve put together a list of all the key information and dates you need to be aware of this tax year.  

Thresholds and allowances for 22/23 tax year

PAYE tax rates and thresholds

National Insurance Contributions

National Minimum Wage and National Living Wage

Key dates for the 2022/2023 tax year

There are many dates that you need to be aware of throughout the year, no matter the nature of your business. We have broken them down into categories to help you prioritise the ones that you need to put in your calendar. 

Self-assessment tax return dates

Deadlines for submitting VAT returns

As a team of accountants, we aren’t just here to fill out your paperwork for you. We are here to offer advice, support and guidance through a whole range of processes. If you’re not sure about what you need to do throughout the year to prepare for the year end, please get in touch with us by emailing [email protected]