10th January, 2018
Self Assessment Deadline – 31st January 2018
Now that the festive celebrations are over, businesses and their owners must not forget the all important Self-Assessment deadline.
The deadline for sending 2016-17 Tax Returns to HMRC is midnight on 31st January 2018.
The penalty regime for missing the 31st January deadline includes an initial £100 penalty, which applies even if there is no tax to pay.
It is important that you do not leave submission until the last minute, as from experience HM Revenue & Customs tends to take a more careful view of those returns submitted near to the deadline.
If you haven’t submitted your tax return yet or provided information to your accountant to assist them with the necessary preparations, now is the time to act!