HM Revenue & Customs (HMRC) has issued a reminder to anyone filing a Self Assessment tax return this year that there is now a new deadline of 31st October for filing paper returns.
Previously, both paper and online Self Assessment tax returns had to be filed by 31st January.
But from this year, paper returns must be with HMRC by 31st October, or individuals could face a GBP100 penalty. The deadline for filing online returns remains 31st January.
If filing a paper tax return, individuals therefore need to get organised now, the tax authority urged.
For example, they must start thinking about what information they need to complete their return, such as their P60, self employment accounts, records of their savings and investments, and details of any untaxed income.
Alternatively, there is the option of switching to online filing.
Filing a tax return online has a number of advantages - the tax is calculated automatically, there is an immediate online acknowledgement once it has been filed, and it is processed faster, so that any money owed by HMRC is repaid more quickly.
Once a return is filed, any tax due must be paid by 31st January, whether the return is filed on paper or online.
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