Deadline for Sending 2016-17 Self Assessment Tax Returns is Tomorrow!

The deadline for sending 2016-17 Self Assessment tax returns to HMRC, and paying any tax owed, is January 31 – tomorrow!

As of last week, three million people still hadn’t filed their returns according to HMRC. If you miss it, you’ll be slapped with an initial £100 fine, then from the 1st May you’ll be charged an additional £10 a day up to a maximum of £900. Then after six months, you’ll be charged a further penalty of 5% of the tax you owe, or £300, whichever is greater. There are also additional penalties for paying late of 5% of the tax unpaid at 30 days, six months and 12 months.

Help is available from the website at  or call the helpline on 0300 200 3310.

If you are late with your submission be warned, don’t use these excuses: