Is your self-assessment tax return already lost in your “to-do” pile?
If so, you need to start working on it, because the deadline for paper-based tax returns is October 31 and you face penalties of up to £1,000 from 1 November. You do, however, get a three month extension to 31 January if you tell HM Revenue & Customs you wish to convert to an internet-based return before 31 October. If you haven’t done it before you should know that the registration process takes around a week. Remember, even if you file personal tax forms online, you may still have a paper form with a 31 October deadline to return as a trustee or as executor of an estate.
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The information in this article does not constitute advice and should be used for informational purposes only. This content has been provided to Helm Godfrey by Taxbriefs.