The system the enables an automatic deduction of taxes from pensions, saving and wages. Those people who have other sources of income such as businesses are supposed to report it in a tax return. What services does HM Revenue and Customs provide?
Paper Self-Assessment return deadline September 18, The tax return deadline for taxpayers who continue to submit paper Self-Assessment returns, is 31 October The penalty usually applies even if there is no liability or if any tax due is paid in full by 31 January We would recommend that anyone still submitting paper tax returns, consider the benefits of submitting the returns electronically and benefit from an additional three months until 31 January in which to submit a return.
Taxpayers with certain underpayments in the tax year can elect to have this amount collected via their tax code inprovided they are in employment or in receipt of a UK-based pension.
If the return still remains outstanding further higher penalties will be charged from six months and twelve months late. Taxpayers that received a letter informing them that they have to submit a paper return after 30 Julyhave an extended deadline which runs for three months from the date they received the letter to submit a paper return.
If you have any questions or queries about our services, let us know.The tax return deadline for taxpayers who continue to submit paper Self-Assessment returns, is 31 October Late submission of a Self-Assessment return will become liable to a £ late filing penalty.
The penalty usually applies even if there is no liability or if any tax due is paid in full by 31 January Where a self assessment return cannot be filed online for one of the reasons listed, provided that a paper return is delivered on or before 31 January following the end of the tax year to which the return relates, HMRC will accept that the taxpayer had a reasonable excuse for failing to file a paper return by the normal 31 October deadline.
You have to complete a paper tax return by 31 October every year. If you miss this deadline, then you can avoid a fine by submitting an online tax return by 31 January instead.
This guide will talk you through the different sections of the main tax return, supplementary pages, how to find help filling out the tax return, and a handy paper tax . Your online self assessment tax return for /8 must be with HM Revenue & Customs by midnight on 31 January (The paper deadline is 31 October ).
If you choose to complete your Self Assessment on paper the deadline is three months earlier, ie. 31 October. If you are employed and have paid too little tax, and you want HMRC to adjust your tax code, the deadline for online submissions is 30 December.
The deadline to register for self-assessment is looming for those who have yet to send or have not completed a tax return before. Self-assessment is the process run by HMRC to collect tax from individuals who may own a business or receive income outside of traditional employment.