Save time and hassle – complete your Personal Tax Return early
The new tax year started on 6 April, which means it’s time to start thinking about your 2018/19 Personal Tax Return, otherwise known as your self-assessment.
The new tax year started on 6 April, which means it’s time to start thinking about your 2018/19 Personal Tax Return, otherwise known as your self-assessment.
Recent statistics show that there are almost 6 million people in the UK who are still required to complete a personal tax return but haven’t. If you’re one of these people, you could face fines and mounting penalties if you don’t file soon.
The Personal Tax Return deadline is looming, and all limited company directors have a legal obligation to file a Personal Tax Return.
The new tax year started on 6 April 2016, which means that it is time for you, as a limited company director and shareholder, to start compiling the necessary paperwork to complete your Personal Tax Return.
Going digital could now happen a lot sooner than anticipated. In a bid to modernise the current Personal Tax Return system, HM Revenue & Customs (HMRC) have announced that the progression to move this process entirely online will be introduced by April 2016. Millions of taxpayers will have the option to open their own digital tax account and complete their Personal Tax Return online. The transition to digital processes often faces issues and errors so what can you expect from the digital Tax Return and what challenges could you face by taking your tax return online?
You’ve completed your Personal Tax Return now (or at least we hope so), so why not sit back and relax whilst you read our blog on some of the worst excuses submitted to HMRC by those who filed a late Tax Return.
Are you stressed about your late Personal Tax Return and the late fee that has just landed on your digital doorstep from HM Revenue & Customs? Our blog has some top tips on what to do next and advice on how you might get that fee waived.
Each year, thousands of people miss the deadline to submit their Personal Tax Returns. This results in mounting late fees from HM Revenue & Customs, not to mention the huge amount of anxiety felt over the confusion and uncertainty of how to complete the Tax Return.
A Personal Tax Return must be completed by contractors, sole traders, self-employed individuals and those who receive rental income. This year, don’t be one of thousands who forget!
The January 31st 2016 deadline is drawing near… you must complete your Personal Tax Return now.