Tax Tip – The self-assessment deadline is fast approaching!

Published on 2nd January 2019

Don’t forget to complete your 2018 self-assessment tax return by midnight on 31 January 2019 if you file online. The penalty for late filing is £100 if your return is up to three months late, increasing thereafter for continued payment failures.

Any tax you owe also needs to be paid by 31 January 2019. In addition to daily interest, there is a penalty of 5% of the tax still due after the first 30 days, which increases by another 5% after six months, and a further 5% after 12 months.

We can help you to prepare and file your tax return: please contact us on 01392 211 233 for more information.