Not Another Taxing Year! Your Financial Calendar For 2022

When is tax year-end next year, and when should we expect news from the Bank of England? These are the financial dates you might want to note for 2022

Sunniva Kolostyak 13 December, 2021 | 2:54PM
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A new year is almost upon us. Ahead of the event, get on top of 2022's financial calendar with our helpful summary! From Budgets to bank holidays, we've got you covered.

January

3 January

The first of the UK's bank holidays in 2022.

10 January

The FCA’s tranche of “minor” changes to the UK’s listing rules come into force, including rules to digitalise the listing process.

25-26 January

The Federal Open Market Committee (FOMC) meets for the first of its eight planned meetings in 2022. The committee decides the direction of monetary policy in the US.

31 January

The deadline for submitting Self Assessment tax returns in the UK.

February

3 February

The Bank of England’s Monetary Policy Committee (MPC) will meet for the first time in 2022. This is also when BoE will release its February Monetary Policy Report. The MPC is responsible for making decisions about the UK's bank rate.

The Governing Council of the European Central Bank is also meeting on the same day, and also for the first time this year. The council will discuss monetary policy.

15 February 

The FCA’s consultation on the finalised Consumer Duty proposals closes. 

March

1 March 

New rules governing claims management firms’ fees come into force. 

15-16 March

The Fed’s FOMC meets, and as with the BoE, every other meeting includes a report, its so-called Summary of Economic Projections.

17 March

The Bank of England’s MPC meets.

April

5 April

Early April marks the end of the financial calendar and the end of the tax year.

6 April

The new tax year 2022/2023 begins. This brings with it a number of changes. National insurance contributions (NICs) will increase by 1.25%, while thresholds and dividend allowances will remain frozen.

If you pay Class 1 NICs, the rates are increasing to 13.25% and 3.25% respectively. Class 4, which applies to the self-employed, will see the rates go up to 10.25% and 3.25%.

Moreover, basic-rate dividend tax will increase from 7.4% to 8.75%, higher-rate taxpayers will be expected to pay 33.75%, and additional-rate dividend taxpayers will pay 39.35%.

14 April

The Governing Council of the ECB meets.

15 April

Good Friday bank holiday.

18 April

Easter Monday bank holiday.

May

2 May

May bank holiday.

3-4 May

The Fed’s FOMC meets again.

5 May

The Bank of England MPC meets and releases its May Monetary Policy Report.

June

1 June

FCA’s retirement guidance and nudge rules come into force. 

2 June

Spring bank holiday.

3 June

Platinum Jubilee bank holiday.

14-15 June

The FOMC holds a meeting and releases its Summary of Economic Projections.

16 June

Bank of England MPC meeting.

July

31 July

Proposed date for the finalised policy statement and new rules for the Consumer Duty. 

21 July

The ECB’s governing council meets in Frankfurt.

26-27 July

The FOMC meets again.

August

4 August

The Bank of England MPC meets and releases its August Monetary Policy Report.

29 August

Summer bank holiday.

September

8 September

The ECB’s governing council holds a meeting.

15 September

Another Bank of England MPC Meeting.

20-21 September

The FOMC meets and releases a Summary of Economic Projections.

October

27 October

The Governing Council of the ECB meets up.

November

TBC

We can expect the chancellor to unveil the Autumn Budget sometime in October or November.

1-2 November

The FOMC holds it penultimate policy meeting.

3 November

The Bank of England MPC meets and releases its November Monetary Policy Report.

December

13-14 December

The Fed’s committee meets for the last time in 2022 and releases a Summary of Economic Projections.

15 December

The BoE committee has its last meeting of 2022.

On the same day, the ECB council will also have its last monetary policy meeting of the year.

26 December

Christmas bank holiday.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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About Author

Sunniva Kolostyak  is data journalist for Morningstar.co.uk