As the personal tax return deadline quickly approaches, it is important for individuals to be aware of their obligations and to take action to ensure that they meet the deadline. The deadline for filing a personal tax return is 31st January, following the end of the tax year on 5th April, and 5 million people are still yet to file their returns. It is essential that individuals file their tax return and pay any tax due by this deadline to avoid potential penalties.
There are a few exceptions to this deadline, however. For example, self-employed individuals may have different deadlines for submitting their return and paying their tax bill, depending on their specific circumstances.
Additionally, if an individual is unable to file their tax return by 31st January, they may be able to request an extension, but this must be done in advance and any tax due must still be paid on time.
As the deadline approaches, it is important to gather all necessary documentation, such as receipts and invoices, and to accurately report all income and expenses.
Filing a personal tax return can be a complex process, and it is important to seek the help of a qualified accountant if you are unsure about your specific tax situation or need assistance with the filing process.
Get in touch
Our team of experienced accountants are here to provide expert guidance and ensure that your tax return is completed accurately and efficiently. Get in touch with us at enquiries@aitaccountants.co.uk if your require our assistance.
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