Contact Us

Small businesses are being urged not to miss the 31st January deadline to file their online tax returns, or they may face hefty fines.

Jo Nockels FCCA, Senior Training and Communications Manager, at TaxAssist Accountants, said: "January can be one of the busiest periods for businesses, so we’re urging business owners not to get distracted and miss the 31st January deadline for filing their online tax returns.

“Some 840,000 UK businesses missed the deadline on 31st January last year, netting HM Revenue & Customs £84 million in fines. Even if they were only one day late filing their tax return online and even if they did not owe any tax, an immediate £100 penalty applied.

And if you think completing your tax return is a chore, you are not alone. New research from Which? has revealed that 41% of the 4,000 people it surveyed about their UK’s tax return habits would rather visit their dentist or unblock a drain than complete their tax return.

“Not completing your tax return before the deadline could end up being more painful than having a tooth pulled out as in addition to an immediate fine, the penalties will spiral, depending on how late the payment is, and could reach as much as £1,600,” added Jo.

“There are enough calls on business owners’ hard-earned cash, without facing penalties for missed tax return deadlines.”

Time is running out, if you want an accountant to complete this for you then please contact TaxAssist Accountants on 0800 0523 555 or through our online contact form.

Date published 18 Jan 2018 | Last updated 18 Jan 2018

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

Local business focus icon

Local business focus

We specialise in supporting independent businesses and work with 80,684 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

Come and meet us icon

Come and meet us

We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 409 locations, meet with us online through video call software, or talk to us by telephone.

Switching is simple icon

Switching is simple

Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.

See how TaxAssist Accountants can help you with a free, no obligation consultation

0800 0523 555

Or contact us