Tax Return deadlines – don’t be caught with missing it and paying fines and surcharges
John Nuth - Friday, October 23, 2015
It’s that time of year again! Your Tax Return will need to be with HMRC soon. If you’re self-employed or in a partnership the deadline for your paper based Self-Assessment Tax Return for 5th April 2015 is 31st October. For on-line submissions the deadline is 31st January 2016 The penalties can be quite severe:
|
Late Filing |
|
Penalty |
|
Missing deadline (if only by one day) |
|
£100 |
|
3 months late |
|
£10 per day up to a maximum of £900 |
|
6 months late |
|
5% of tax due if £300 or more |
