The reasons you should stop putting your head in the sand and get that tax return done now are:
- If you are due a refund it can be paid to you earlier if you submit your tax return early
- If you think there is going to be a big tax bill, the sooner you submit the sooner you know how much you owe. That way there are no nasty surprises on 31st January and you start planning to help with cashflow.
- Late filing penalties start automatically with £100 fine with more charges if the return is still overdue after 3 month.
- Everyone has to file by 31st January so bookkeepers and accountants get very busy in January. If you suddenly decide you need help you may struggle to find someone who has capacity – and if you do they may charge higher fees.
We operate on a first come first served basis so the sooner you get your information to us the higher up the queue you are. Call or email us now to get started 02392006466 or firstname.lastname@example.org
Remember the key dates you need to know for this tax year are:
31st October for filing paper returns
30 December 2014 if you want your tax liability (if it’s less than £3,000) to be collected through you PAYE code
31 January 2015 – final filing and payment deadline for the 2013/14 tax year