31/01/2016 – Deadline for submitting your 2014/15 self assessment return (£100 automatic penalty if your return is late) and the balance of your 2014/15 liability together with the first payment on account for the 2015/16 tax year.
This deadline applies to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax, Class 4 NI, capital gains tax and High Income Child Benefit Charge liabilities.
There is a penalty of £100 if your return is not submitted on time, even if there is no tax due or your return shows that you are due a tax refund.
The balance of any outstanding income tax, Class 4 NI, capital gains tax and High Income Child Benefit Charge for the year ended 5th April 2015 is due for payment by 31st January 2016. Where the payment is made late interest will be charged.
The first payment on account for 2015/16 in respect of income tax and any Class 4 NI or High Income Child Benefit Charge is also due for payment by 31st January 2016.
If we have already dealt with your self assessment return on your behalf you need take no action. If you have not submitted your tax return yet please contact us as a matter of urgency. We will do our best to assist you but time is now short.