Self assessment deadline only three weeks away

The deadline for submitting your 2018/19 self assessment tax return is just 21 days away.

10 Jan 2020

The deadline for submitting your 2018/19 self assessment tax return is just 21 days away.

Taxpayers must file their tax return by midnight on 31 January 2020. The only exception to this is if you received a notice from HMRC to make an online tax return after 31 October 2019. In this case, you have three months from the date of issue to submit your return.

More than 11 million tax returns are due by the end of January. Over 54% of taxpayers have already filed, with almost 90% completing an online return.

Those who are late in submitting their return face a penalty of £100, even if there is no tax to pay, or if the tax has been paid on time. Additional penalties are due for continued late payments and late filing.

Last year, 735,258 taxpayers filed their returns on 31 January and 731,186 taxpayers missed the deadline completely.

Angela MacDonald, HMRC's Director General for Customer Services, said: 'The self assessment deadline on 31 January is fast approaching, so customers have under a month left to file their tax returns online to avoid any unnecessary penalties. Any tax due is also payable by 31 January.'

We can help with all aspects of self assessment, including filing returns on your behalf. Please contact us.

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Lawrence Grant

We are a member firm of the Institute of Chartered Accountants of England & Wales (ICAEW). Registered to carry on audit work in the UK and Ireland. Our Insurer is Prosure Solutions (per W R Berkley , and IGI), 34 Lime St, London EC3M 7AT (worldwide, excluding North America). Also an independent member of GGI, a multidisciplinary worldwide association of accountants, tax consultants & lawyers.