October 31 tax return deadline approaching fast
It’s common knowledge that the tax return filing deadline is 31 January after the end of the tax year. However, you may be subject to an earlier deadline that is fast approaching instead. When does this apply?
If you're within self-assessment, you're probably aware that 31 January each year is the filing date. However, it’s often overlooked that there's an alternative deadline of 31 October. This applies if you intend to file a paper return. If that’s the case you only have until Monday to do it. At this late stage there's a good chance that the return won’t be received until after the deadline. You might be able to appeal against the subsequent automatic penalty if you can show you had a reasonable excuse, e.g. if the return was late due to the ongoing postal strikes. However, if you haven’t sent it off yet, our advice is not to. Instead, use the additional three months for online filing to get set up for HMRC online services and file the return there.
Related Topics
-
How much will you save with reduced scale charges?
HMRC has reduced the VAT fuel scale charge by nearly 6% for company-provided cars. When does the new reduced rate take effect and how do you make the calculations?
-
Avoid the trading allowance trap
In late 2024 you became self-employed. You’re now completing your tax return for 2024/25 and will claim the trading allowance instead of a tax deduction for business expenses. Could this impact your NI record and state pension entitlement?
-
Time off for fertility treatment?
A survey by Fertility Matters at Work has revealed that more than one-third of employees undergoing fertility treatment have resigned or are considering resigning because of the physical and emotional toll. Is there a right to time off for fertility treatment?
This website uses both its own and third-party cookies to analyze our services and navigation on our website in order to improve its contents (analytical purposes: measure visits and sources of web traffic). The legal basis is the consent of the user, except in the case of basic cookies, which are essential to navigate this website.