A reminder that today, 31 January, is the deadline for individuals and partnerships who need to submit their tax returns for the 2017-2018 tax year.
In total, there are more than 3.5 million customers who will need to do so before the deadline. HMRC is reminding customers that if their tax return is late, they will receive a £100 penalty – even if they do not owe any tax.
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 last year, HMRC no longer accepts payments made using personal credit cards.