Self Assessment Tax Deadline Looms

The annual deadline to submit your self assessment tax forms is still January 31st - and this year is not exception. If you file your tax return late you’ll get a fine of £100 (and you’ll still need to pay your tax of course)

You can file your tax return online and 2 million tax payers did just this in 2007. You’ll need an account and a pin number is sent to you in the post to access your account. HMRC say that this only takes 7 days so you still have plenty of time to apply and activate your account.

Don’t worry about leaving it to the last minute as the HMRC website had 150,000 returns filed on 31st January last year.

The HMRC website also has a new podcast to help you through the trials of completing your forms. Go to www.hmrc.gov.uk to learn more.