Financial year 2026 to 2027 timetable for schools
The table shows important dates for schools to plan and complete actions throughout the financial year.
| Month | Type of submission | Deadline date |
|---|---|---|
| February 2026 | Schools budget monthly payment | 2 February 2026 |
| VAT return P10 | 11 February 2026 | |
| Deficit schools budget monitoring P10 (where deficit recovery plan has been agreed) | 13 February 2026 | |
| VAT payment process date P10 | 20 February 2026 | |
| Local authority to notify school of 2026/27 budget | 28 February 2026 | |
| March 2026 | Schools budget monthly payment | 2 March 2026 |
| VAT return P11/P12 | 11 March 2026 | |
| Schools year end | 13 March 2026 | |
| Schools year end submission | 20 March 2026 | |
| VAT payment process date P11/12 | 20 March 2026 | |
| Schools Financial Value Standard (SFVS) 2025/26 submission deadline | 27 March 2026 | |
| April 2026 | Schools budget monthly payment | 1 April 2026 |
| Updated bank reconciliation to period 31 March 2026 | 15 April 2026 | |
| Schools finance agree budget with (deficit) schools | 30 April 2026 | |
| Schools provisional outturn confirmation | 30 April 2026 | |
| May 2026 | Schools budget monthly payment | 1 May 2026 |
| VAT return P1 | 12 May 2026 | |
| VAT payment process date P1 | 22 May 2026 | |
| Schools 3-year budget plan submission | 31 May 2026 | |
| Issue license to deficit schools | 31 May 2026 | |
| June 2026 | Schools budget monthly payment | 1 June 2026 |
| VAT return P2 | 10 June 2026 | |
| Deficit schools budget monitoring P2 (where deficit recovery plan has been agreed) | 12 June 2026 | |
| VAT payment process date P2 | 19 June 2026 | |
| July 2026 | Schools budget monthly payment | 1 July 2026 |
| VAT return P3 | 10 July 2026 | |
| Deficit schools budget monitoring P3 (where deficit recovery plan has been agreed) | 14 July 2026 | |
| Quarterly monitoring return Q1 | 15 July 2026 | |
| VAT payment process date P3 | 17 July 2026 | |
| August 2026 | Schools budget monthly payment | 3 August 2026 |
| September 2026 | Schools budget monthly payment | 1 September 2026 |
| Deficit schools budget monitoring P4/5 (where deficit recovery plan has been agreed) | 11 September 2026 | |
| VAT return P4/5 | 11 September 2026 | |
| VAT payment process date P4/5 | 18 September 2026 | |
| October 2026 | Schools budget monthly payment | 1 October 2026 |
| VAT return P6 | 9 October 2026 | |
| Deficit schools budget monitoring P6 (where deficit recovery plan has been agreed) | 14 October 2026 | |
| Quarterly monitoring return Q2 | 15 October 2026 | |
| VAT payment process date P6 | 20 October 2026 | |
| November 2026 | Schools budget monthly payment | 2 November 2026 |
| VAT return P7 | 10 November 2026 | |
| Deficit schools budget monitoring P7 (where deficit recovery plan has been agreed) | 11 November 2026 | |
| VAT payment process date P7 | 18 November 2026 | |
| December 2026 | Schools budget monthly payment | 1 December |
| VAT return P8 | 10 December | |
| Deficit schools budget monitoring P8 (where deficit recovery plan has been agreed) | 11 December 2026 | |
| VAT payment process date P8 | 18 December 2026 | |
| January 2027 | Schools budget monthly payment | 4 January 2027 |
| VAT return P9 | 12 January 2027 | |
| Deficit schools budget monitoring P9 (where deficit recovery plan has been agreed) | 15 January 2027 | |
| Quarterly monitoring return Q3 | 15 January 2027 | |
| VAT payment process date P9 | 22 January 2027 | |
| February 2027 | Schools budget monthly payment | 1 February 2027 |
| VAT return P10 | 10 February 2027 | |
| Deficit schools budget monitoring P10 (where deficit recovery plan has been agreed) | 12 February 2027 | |
| VAT payment process date P10 | 19 February 2027 | |
| Local auhtority to notify school of 2027/28 budget | 28 February 2027 | |
| March 2027 | Schools budget monthly payment | 1 March 2027 |
| VAT return P11/P12 | 10 March 2027 | |
| Schools year end | 12 March 2027 | |
| VAT payment process date P11/12 | 19 March 2027 | |
| Schools year end submission | 19 March 2027 | |
| Schools Financial Value Standard (SFVS) 2026/27 submission deadline | 25 March 2027 |
Page last updated: 17 February 2026
