If you have missed the 31st January deadline don't panic too much.

If you are more than a day late then you are already be subject to a £100 fine.

If you are more than 3 months late then this ramps up at £10 per day so act now.

The biggest penalty though is if you are more than 30 days late for tax you should have paid on 31st January then you will be subject to a 5% penalty. This is the most important reason to act this month.

Paymatters Accountancy Services LLP can help you submit your tax return and calculate amount due. Call PayMatters today on 0800 121 6513.