Key dates for 2020

We’ve pulled together some key dates for your diaries including Brexit, budgets and bank holidays.

31st January
Online self-assessment tax return deadline & the UK parts ways with the EU

Boris Johnson has set the deadline at the end of January for Britain’s legal departure from the European Union. He will then have 11 months to renegotiate a trade deal with Brussels during a transition period.

It is also the final deadline to file your self-employed tax return online or face a £100 fine plus £10 for every additional day after this date.

The first post-Brexit budget

The Prime Minister has planned to deliver his Governments first budget, once the EU exit deal has been sealed. This will be where Sajid Javid, the Chancellor of the Exchequer unveils his plans for spending and taxation.

7th February
Consultancy ends for changes to Part L & F Building Regulations

Setting out plans for the Future Homes Standard, including proposed options to increase the energy efficiency requirements for new homes in 2020. The Future Homes Standard will require new build homes to be future-proofed with low carbon heating and world-leading levels of energy efficiency; it will be introduced by 2025. More info can be found here.

17th March
First day for the new Bank of England’s governor

Andrew Bailey, currently the Chief Executive of the Financial Conduct Authority will take charge following the departure of Mark Carney. He was the Deputy Governor of the Bank of England from April 2013 to July 2016 and the Chief Cashier for seven years before that.

31st March
Payment rules change at banks

Banks will have to alert their customer when the recipient’s name entered on a bank transfer does not match the name on the account.

1st April
New Technical Due Diligence Guidance

New guidance on building condition reports for commercial property by RICS to bring further transparency to the purchase or sale of commercial assets should be used from this date on wards (replacing previous guidance).

5th April
End of the tax year

The deadline to max out your pension and ISA allowances. New tax laws also come into force on the 6th April including the removal of tax breaks on mortgage interest payments for buy to let landlords and a change to the rules for self-employed workers.

30th July
Vantage 5th Birthday

Celebrating five fantastic years of continued growth with lots of hard work along the way!

31st July
Mid-year self-assessment tax deadline

Many self-employed people will have to pay six months of tax upfront – half the previous year’s tax bill.

6th August
Monetary Policy Committee (MPC) Meeting

Will this be the month, where interest rates change? We think it might be…

16th September
The Logistics Awards 2020

A celebration of excellence in the logistics and supply chain sectors including the new facility award. More info can be found here.

5th October
Self-employed declaration deadline

A key date for those who have never submitted a self-assessment tax return before to declare to the HMRC that they are newly self-employed.

6th October
British Council for Offices National Awards 2020

Winners from the Regional Awards will compete in their categories at a national level and also bid to win the property sector’s respected BCO ‘Best of the Best’ award.

29th October
EG Awards 2020

With twenty categories focused on the most important sectors, the biggest issues facing the industry and key performers in the business of real estate. More info can be found here.

Autumn budget

Usually, at the end of October or start of November, Sajid Javid will deliver an updated statement of spending plans and the state of the British economy.

3rd November
US presidential elections

Will Donald Trump win another term? Whatever the outcome, it will have an immediate impact on the financial markets and the geopolitical agenda for the next four years.

31st December
Final Brexit date

Boris Johnson has said he will pass a law blocking the transition period of Britain’s EU membership from extending into 2021. It could be another politics-heavy festive period!

Bank Holidays (in England)
10th April – Good Friday
13th April – Easter Monday
8th May – Early May bank holiday
25th May – Spring bank holiday
31st August – Summer bank holiday
25th December – Christmas
28th December – Boxing Day (substitute)