Venues required by law to record contact details Recording Contact Details The Governments’ new requirements for businesses mean that premises…
You will need to complete a self-assessment if:
For the full list of individuals who need to file the self-assessment click here.
|Self-assessment registration deadline||5 October 2018|
|Paper tax returns||Midnight 31 October 2018|
|Online tax returns||Midnight 31 January 2019|
|Pay the tax you owe||Midnight 31 January 2019|
You will need to obtain bank statements to work out your income and expenditure. Other amounts you may need to work out are:
Above we have listed only some of the income information you need to provide HMRC. It is important you contact your bank and other organisations immediately so they can provide you with the information you require before the deadline.
Overwhelmed? Take a deep breath, and pick up the phone; give us a call on 01295 477 250 if you require help filing your self-assessment deadline.
|Miss filing deadline||£100|
|30 days late||5% of the tax due|
|3 months late||Daily penalty £10 per day for up to 90 days (max £900)|
|6 months late||5% of the tax due or £300, whichever is greater|
|12 months late||5% or £300 whichever is greater. If you are seen to be deliberately withholding information, you may have to pay 100% of the tax due.|
|12 months & taxpayer deliberately withholds information||Based on behaviour: deliberate and concealed withholding 100% of the tax due, or £300 whichever is greater. deliberate but not concealed 70% of the tax due, or £300 whichever is greater reductions apply for prompted and unprompted disclosures.|
If you need help completing your self-assessment please contact us on 01295 477 250 alternatively you can email email@example.com.