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HMRC have issued a reminder to anyone filing a Self Assessment tax return - file by 31 Janauary, or risk a £100 penalty. Taxpayers who haven't yet filed their 2007/08 tax return (for the year ended 5 April 2008), must send it online to HMRC by the 31 January deadline - file on paper and you could receive a £100 penalty, as the new 31 October paper-filing deadline has now passed. Those taxpayers new to online filing will need to register by visiting the HMRC website at http://www.hmrc.gov.uk/sa and clicking "Register for Self Assessment Online". A pin number will then be posted out. Since it can take up to seven days to arrive, new applicants should register by 21 January, to allow enough time for the pin to arrive and for them to file the return online. 31 January is also the deadline for paying any tax owed for the 2007/08 tax year. Interest charges will start to accrue from this date. HMRC's Stephen Banyard said: "Don't forget - if you are filing your return in January, you need to do it online. It is quick, secure and convenient, and if you have not filed online before there is plenty of help and support available." Where to get help A Self Assessment video podcast, offering help and advice on filling in tax returns, is available free from the HMRC website at http://www.hmrc.gov.uk/podcasts. Further help is available on the HMRC website at http://www.hmrc.gov.uk/sa or from the Self Assessment helpline on 0845 9000 444, which is open seven days a week from 8am to 8pm. Look out for new tax codes In January and February, HMRC will be writing to individuals with their new tax codes for the 2009/2010 tax year. Recipients only need to take action if they believe the tax code is incorrect - first check the HMRC website at http://www.hmrc.gov.uk/incometax/tax-codes.htm and if that doesn't provide an answer, contact the HMRC office quoted in the letter. |
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About The Author  Sarah Laing Sarah is a Chartered Tax Adviser. She has been writing professionally since joining CCH Editions in 1998 as a Senior Technical Editor, contributing to a range of highly regarded publications including the British Tax Reporter, Taxes - The Weekly Tax News, the Red & Green legislation volumes, Hardman's, International Tax Agreements and many others. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars (including ABG Courses and Conferences). Sarah originally worked for the Inland Revenue in Newbury and Swindon Tax Offices, before moving out into practice in 1991. She has worked for both small and Big 5 firms. She now works as a freelance author providing technical writing services for the tax and accountancy profession. |
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Article Added Saturday, 10 January 2009 | 3379 Hits |
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