Tax Return

Tax Return Deadline Reminder

26 January 2015

The self assessment tax return submission deadline for completion and filing of your online tax return is midnight 31st January 2015 as is your tax payable.

All self-employed,  partners in a partnership or company directors of a limited company have to submit a self assessment tax return as does  anyone who has been sent one to complete by HMRC.

If you are late but submit your tax return within 3 months then your penalty for late filing will be £100.

It is important that you pay any tax due within 30 days of the due date to avoid a 5% charge on the amount payable.

If all your earnings are taxed under PAYE (i.e. as an Umbrella Company worker) then it can be possible to request HMRC to withdraw the need for you to submit a tax return when you have been sent one to complete.

If you are looking for help in completing and filing your tax return and calculating your tax payable please call Umbrella Accountants LLP on 0800 121 6513.