For self-employed people, company directors and those receiving other sources of income, it’s the time of the year to send your self-assessment tax return.
There are two ways to complete your self-assessment tax return – downloading, printing and filling in SA100 paper form or filling it in online through the HMRC website. The deadline for paper forms was 31 October 2017 but you have until 31 January 2018 to send your tax return online. You’ll need your UTR, user ID and password to sign in to your online account.
If you miss the self-assessment deadline, you could face a penalty charge. If your return is up to three months late you’ll receive a penalty of £100, and this could go up further if you leave it even longer.
For more information on how to complete your Self Assessment tax return online, click here. Or if you need help do not hesitate to contact us on 01276 674870.