If you haven't already sent your tax return to HMRC, you must file your self-assessment tax return online and pay any tax due by Friday 31 January. And the signs are that HMRC will be coming down hard on individuals who fail to meet the deadline, with an automatic penalty of £100 – regardless of whether or not you need to pay any tax.
To underline the importance of meeting the personal tax return deadline, HMRC recently published a list of the oddest excuses for late filing (including the death of a pet goldfish) – none of which helped to avoid the late filing penalty!
To file your personal tax return yourself you need to visit the HMRC website and head to the self-assessment section. If you haven't filed a return before you'll need to register for the service – and your user activation code can take up to seven days to arrive so don't leave it until the last minute.
Alternately, if you’d like to get rid of the hassle of self-assessment as well as making sure you don’t pay any more tax than is necessary, call Clayton & Brewill on 0115 950 3044 or drop us an email. We’d be pleased to help.