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Tax Tip – Winter 2018

The self-assessment deadline is approaching!

Don’t forget to complete your 2018 self-assessment tax return by midnight on 31 January 2019 if you file online. The penalty for late filing is £100 if your return is up to three months late, increasing thereafter for continued payment failures.

Any tax you owe also needs to be paid by 31 January 2019. There is a penalty of 5% of the tax due for the first 30 days, which increases by 5% after six months, and a further 5% after 12 months.

We can help you to prepare and file your tax return: please contact us for more information