What you need to know before f
iling self-assessment for 2017/18.
It’s a common scenario.
As the year draws to a close, the thought of your tax return is there, at the back of your mind. But with so much time before the deadline, you decide not to worry about it for now.
Then the weeks start to fly by, Christmas comes and goes, and soon you’re planning for the New Year and getting back to work as normal.
Before you know it, it’s the end of January, you’re searching for your registration details, and HMRC’s waiting times are growing longer as thousands of other taxpayers in the same predicament try to get in touch.
The deadline for submitting online is fast approaching on 31st January 2019.
Of course, it’s better to finish your return early on to avoid this last-minute rush – but if the thought of rummaging through old receipts and puzzling over tax calculations fills you with dread, we can help.
This Update includes:
- What is self-assessment – and are you included?
- What do you need to do? – Registering, Completing your return, paying your bill.
- What are the penalties if it’s late?
- Common problems including missing out on tax relief, not declaring all your income and late or inaccurate filing
- Deadlines
