Self assessment deadline approaching – 31st January 2021

The deadline for submitting your 2019/20 self assessment return is 31 January 2021. The deadline applies to taxpayers who need to complete a tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 National Insurance Contributions (NIC), capital gains tax and High Income Child Benefit Charge liabilities. … Continue reading Self assessment deadline approaching – 31st January 2021

Self assessment deadline approaching – 31st Jan 2020

Happy New Year ! Get 2020 off to a good start by making sure you submit your Tax Return by 31st January 2020. The deadline for submitting your 2018/19 self assessment return is 31 January 2020. The deadline applies to taxpayers who need to complete a tax return and make direct payments to HMRC in… Continue reading Self assessment deadline approaching – 31st Jan 2020

HMRC countdown: file your tax return

With less than 100 days until the self assessment tax return deadline of 31 January 2020, HMRC is urging taxpayers to complete their tax returns early, in order to avoid the last minute rush. HMRC report that last year more than 2,000 people submitted their tax returns on Christmas Day. Taxpayers should consider submitting their… Continue reading HMRC countdown: file your tax return

Tax return deadlines – Are you ready?

As you may know, the tax return deadline is getting closer with the final date of submission and payment for electronically submitted tax returns being 31 January 2017. Collect tax through PAYE code: When filing a tax return you can opt to pay your overdue tax by collecting it through PAYE (This means your tax… Continue reading Tax return deadlines – Are you ready?

When is your first tax return due?

If you have recently started to receive income from the following: -        Self employment -        Directorship -        Rental property -        Other untaxed sources You will need to complete a self assessment tax return. Generally speaking your first tax return period ends on 5 April after you commence any of the above. The deadlines for submission… Continue reading When is your first tax return due?

What is a tax return?

With the Self-Assessment deadline looming I thought I would bring you some useful information on tax returns. So what is a tax return? A ‘Self-Assessment Tax Return’ is an annual form used by an individual to report their total income and business expenses to HM Revenue and Customs (HMRC).  The reason why the form is… Continue reading What is a tax return?