October 31 tax return deadline approaching fast
It’s common knowledge that the tax return filing deadline is 31 January after the end of the tax year. However, you may be subject to an earlier deadline that is fast approaching instead. When does this apply?
If you're within self-assessment, you're probably aware that 31 January each year is the filing date. However, it’s often overlooked that there's an alternative deadline of 31 October. This applies if you intend to file a paper return. If that’s the case you only have until Monday to do it. At this late stage there's a good chance that the return won’t be received until after the deadline. You might be able to appeal against the subsequent automatic penalty if you can show you had a reasonable excuse, e.g. if the return was late due to the ongoing postal strikes. However, if you haven’t sent it off yet, our advice is not to. Instead, use the additional three months for online filing to get set up for HMRC online services and file the return there.
Related Topics
-
HMRC reminds employers about payrolling benefits deadlines
HMRC is reminding employers of key dates and preparations ahead of the transition to real-time payrolling of benefits in kind (BiKs). With an important voluntary registration deadline approaching, what do payroll teams need to know?
-
Why do frozen mileage rates affect VAT?
Your business pays a fixed mileage allowance to staff who use their private cars for business travel. The rates published by HMRC have been frozen since 2011 but is this relevant to determine how much input tax you can claim on the payments?
-
HMRC restarts direct recovery of tax debts from bank accounts
HMRC has resumed use of its Direct Recovery of Debts (DRD) powers, enabling it to recover unpaid tax directly from the bank accounts of businesses and individuals who have ignored repeated attempts to settle outstanding liabilities. What does this mean in practice for business owners and directors?
This website uses both its own and third-party cookies to analyze our services and navigation on our website in order to improve its contents (analytical purposes: measure visits and sources of web traffic). The legal basis is the consent of the user, except in the case of basic cookies, which are essential to navigate this website.