Deadline For Manual Self Assessment Tax Returns Just Weeks Away

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HM Revenue and Customs (HMRC) has issued a reminder to anyone filing a Self Assessment tax return this year – from 2008, the is a 31 October deadline for paper returns, and it’s only weeks away.

Previously, both paper and online Self Assessment tax returns had to be filed by 31 January. But, from 2008, paper returns must be with HMRC by 31 October, or you could face a £100 penalty. The deadline for filing online returns remains 31 January.
If you file a paper tax return, you, therefore, need to get organised now. For example, start thinking about what information you need to complete your return, such as your P60, self employment accounts, records of your savings and investments, and details of any untaxed income.
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Alternatively, you could switch to online filing. It’s easy to register. Filing your tax return online has a number of advantages – your tax is calculated automatically, you get an immediate online acknowledgement once you’ve filed, and it’s processed faster, so any money you are owed by HMRC is repaid more quickly.
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Once you’ve filed your return, any tax due has to be paid by 31 January, whether you file on paper or online.
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About Alan Young

MD and owner of the Woodhurst Group, including Praxis Accountancy Limited and Blue Sky Recreation Limited. Also Commercial Director of The Sky visor Group
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