Self Assessment Tax Deadline Almost Here

The deadline for filling self assessment tax returns is almost here! By midnight on 31 January you will need to have submitted your electronic tax return (it is too late for paper submissions – these were due on 31 October 2015), together with payment for any tax you owe for the tax year , and any payment on account due for the 15/16 tax year,

An automatic penalty of £100 will become due if you don’ t submit your return on time, even if no tax is due.

It is important that you know whether you need to register for self-assessment. Contact us if you are unsure.

If you have “forgotten” or were unable to submit your tax return on time and wish to appeal the automatic penalty, remember NOT to try any of these excuses which have already failed with HMRC and been branded as the top ten “worst excuses” for missing the deadline:

1. My tax papers were left in the shed and the rat ate them.
2. I’m not a paperwork orientated person – I always relied on my sister to complete my returns but we have now fallen out.
3. My accountant has been ill.
4. My dog ate my tax return.
5. I will be abroad on deadline day with no internet access so will be unable to file.
6. My laptop broke, so did my washing machine.
7. My niece had moved in – she made the house so untidy I could not find my log in details to complete my tax return.
8. My husband ran over my laptop.
9. I had an argument with my wife and went to Italy for five years.
10. I had a cold which took a long time to go.

Although HMRC may not accept any of these excuses, they do recognise some people may have difficulty submitting their return and are taking into account the severe weather conditions and flooding across the UK this year. They have opened a helpline offering practical advice to those affected.

If you need advice on self assessment or would like assistance submitting future returns, please contact us.

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martin.creighan@amlink.uk

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