Self assessment tax return deadline approaches
Business news 23 Oct 2013
Taxpayers who wish to file a paper 2012/13 self assessment tax return are being urged not to miss the forthcoming 31 October deadline, or they could face a series of penalties.
Under HM Revenue & Customs' penalty regime, any paper tax returns received on or after 1 November will incur an automatic £100 penalty.
The penalty applies even where there is no tax to pay, or where any tax due is paid on time, and additional penalties will apply where the return remains outstanding after 3, 6 and 12 months.
Individuals who are sending a paper tax return within the final days of the deadline are advised to obtain proof of posting, in order to support them in the event of any appeal against a late-filing penalty.
As an alternative, individuals can instead choose to file their tax returns online, by a later deadline of 31 January 2014.
We can help to reduce the administrative burden, by filing your tax returns on your behalf. Please contact us for further information and assistance.
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