The 2018-19 tax return deadline for submitting your paper Self-Assessment returns is 31 October 2019. Late submission of a Self-Assessment return will trigger a £100 late filing penalty. The penalty usually applies even if there is no liability or if any tax due is paid in full by 31 January 2020.
If you are still submitting paper tax returns, we would recommend that you consider the benefits of submitting the returns electronically. This extends the filing deadline by an additional three months (until 31 January 2020). You will also benefit from quicker repayments of any tax refunds you may be due and instant confirmation that a return has been filed.
Daily penalties of £10 per day will take effect if your tax return is still outstanding three months after the filing date up to a maximum of £900. If the return still remains outstanding further higher penalties will be charged from six months and twelve months.
If you received a letter informing you to submit a paper return after 30 July 2019, then you have an extended deadline which runs for three months from the date you received the letter requesting you to submit a paper return.
Find out more about our income tax services
Churchgates’s team of registered accountants, tax advisers, solicitors, investment managers and financial planners offer a wealth of experience under one roof in Bury St Edmunds. To find out more about our income tax services, click on the link or speak to our specialist team on 01284 701271.
Thank you for reading this article. Churchgates are here to support clients on every stage of their financial journey. We have a unique and powerful combination of fully qualified and registered accountants, tax advisers, solicitors, investment managers and financial planners, offering a wealth of experience and expertise under one roof. If you would like to discuss any of the information from this article, or would like help with any of the services listed above, please don’t hesitate to contact us on 01284 701271, or complete the form on our contact page.
Disclaimer
Our articles offer general guidance only and may not include points which are important to your situation. You should not depend on our articles without taking advice based on the full facts of your case, for example from our advisers. Where our articles refer to investments, please remember that investments can go up and down in value, so you could get back less than you put in.
