The due date for filing Income Tax Returns for the financial year 2017-2018 for Individuals is 31 January 2019.
If you are thinking about submitting your tax return early this year, this webinar from HMRC provides plenty of hints and tips on how to tailor your return, complete the self-employed page and send your tax return online.
It is important to be aware though that filing your tax return late, or failing to pay the tax you owe on time, could mean you face extra penalty fees and interest charges. It is therefore recommended that you authorise a tax specialist such as Beavis Morgan to handle your tax affairs and deal with HMRC on your behalf. This will ensure that all deadlines are met and that you are not paying more tax than you need to.
Other forthcoming key dates to note include:
| 5 October 2018 | Deadline to notify chargeability and advise HMRC of need to register for Self-Assessment for 2017/18 if you became self-employed or started receiving income from property during that tax year. |
| 31 October 2018 | Deadline for filing paper self-assessment returns with HMRC if you want HMRC to calculate your tax liability. |
| 30 December 2018 | Deadline for online submission of self-assessment tax returns for year ending 5 April 2018 with HMRC if tax is to be collected through PAYE code number where they owe less than £3,000. |
| 31 January 2019 | Deadline for online self-assessment tax returns for 2017/18 tax year. |
| 31 January 2019 | Deadline for paying self-assessment balancing payment and capital gains tax for tax year ended 5 April 2018. |
| 5 April 2019 | End of tax year 2018/19. |
At Beavis Morgan, our diverse team of tax professionals are committed to ensuring that your tax reporting obligations are fully satisfied and that every opportunity to lawfully exploit tax savings is made known to you, restructuring your affairs in a tax effective and efficient way.
If you have any concerns relating to your tax return or wish to discuss your tax affairs in further detail, please contact your usual Beavis Morgan Partner.
Note: As of January this year, HMRC no longer accepts payments made using personal credit cards.