Tax Return Deadline Looms

The 31st January deadline will be here before we know. Self Assessment Tax returns need to be filed online before this date and any outstanding tax paid to the Revenue. I’m as guilty as the next person to leaving it to the last minute.

In the past I have hurriedly searched for the username and password. Panicked when I couldn’t find it. Asked for a duplicate to be sent in the post. Then waded through the paperwork to input the relevant information.

This year I’m organised and have everything ready?

If you are completing your own tax return it is important to remember to take into account any capital gains, tax deductible reliefs and any pension contributions you might have made. Details of the latest capital gains tax allowances can be found on the HMRC website, along with the applicable capital gains tax rates.

It’s important to get the information submitted correctly when carrying out your SA tax return. This could make a difference between owing additional tax or getting a tax refund.