6 key self assessment tax dates

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There is no excuse for missing your self assessment tax deadlines and unfortunately HMRC do not accept excuses! Therefore we’ve produced a quick guide to the six most important self assessment tax dates…. download our guide and save it for future reference or you can always call our local teams for more help!

6 April

This is the start of the tax year. Why? Well that’s a long story

31 July

This is the deadline for additional payments if you make advanced payments on your account (known as ‘payments on account’) but you don’t want to miss this one – there are penalties if you do!

31 October

This is the deadline for filing a paper tax return, whether you choose to work out how much tax your owe yourself or want HMRC to do it. However, if you receive notice that you must file a tax return after 31 July 2017, you’ll need to send back the completed form within three months of the notice’s date of issue.

31 January

This is the final deadline for online tax returns, unless the notice to make an online tax return is issued by HMRC after 31 October 2017, in which case you have three months from the date of issue. This is also the deadline to pay any tax due for paper and online filers.

1 February

It’s important to be aware that filing your tax return late, or failing to pay the tax you owe on time, will probably mean you face extra penalty fees and interest charges, starting from the very next day!

5 April

This is the end of the tax year and shortly after this date anyone who is required to file a tax return will receive a notice advising that you must file a tax return for the tax year just ended.

 

For further help with these self assessment tax dates or bookkeeping advice, why not contact your local Rosemary Bookkeeper!