Online tax returns must be submitted by midnight on 31st January, with any tax you owe paid on the same date. That’s only a few weeks away so if you have any queries concerning the information we require please do not hesitate to contact us.
Preparing your tax return as early as possible will allow us to calculate your tax liability in advance of the payment date, which means you can manage your cash flow appropriately.
Starting the process early allows us to identify any issues or missing information well ahead of time and resolve them without risking a fast approaching deadline.
If you miss the deadline you’ll have to pay a fine. You’ll get a penalty of £100 if your tax return is up to three months late and you’ll have to pay more if it’s later, or if you pay your tax bill late.
If you need any help with your tax return, please get in touch with Jackie or Andrew on 01625 524 127.