Call us 0800 0523 555

Contact Us

*COVID-19 update: Many of our shops and offices are now open for face to face meetings with strict social distancing measures in place. We also offer telephone and video consultations for all new clients in order to discuss your needs. Find the latest COVID-19 information available for your business.

October Self Assessment Filing Deadline

I have received a letter from HM Revenue & Customs reminding me that I need to file my self assessment tax return by 31 October.  I do not have all of the information together yet, so am not able to complete it - is there a way I can avoid a late filing penalty?

The filing deadline of 31 October 2010 only applies to those taxpayers wishing to complete and submit a paper copy 2010 tax return.  The online filing procedure allows taxpayers to submit 2010 returns until 31 January 2011. 

There are other important deadlines that need you should also be aware of for self assessment.  Where a taxpayer receives a new source of income which is not fully taxed at source, or where capital gains have arisen during a particular tax year, HM Revenue & Customs must be notified by 5 October after the end of the tax year.

Where a taxpayer has an underpayment of tax of less than £2,000 for 2009/10 and they have employment or taxed pension income, they can ask for that underpayment to be collected through the PAYE code for the tax year 2011/12.  This means that the taxpayer settles the liability each month through the PAYe operated on their employment/pension income from 6 April 2011 to 5 April 2012, instead of having to pay the full liability by 31 January 2011.  If you wish to settle a liability through your PAYE code, your self assessment return must be filed by 31 December.

If you would like to discuss any aspects of your self assessment return, please ask your local TaxAssist accountant who will be happy to help.

 

Call us today to make an appointment with your local office

Consultations available by telephone or video

0800 0523 555

Contact Us