How do you submit yours?
- 5th October 2020
31st October 2020 is the deadline on which paper tax returns for the 2019/20 tax year can be submitted. Many people have adopted digital technology and submit their tax return online, but not everyone has embraced this method.
So, if you submit yours via the paper method, then you need to get to work as the clock is ticking.
Putting off the inevitable, as tempting as it may feel, could turn out to be expensive. We have seen many tax payers over the years who have left their preparation until the last minute only to discover that an essential piece of information is missing.
The best laid plans can always be scuppered by unforeseen events. So even though the deadline for your paper submission is 31st October 2020, if you miss it, please do not panic. DO NOT however, submit a paper return after the deadline - you will get a fine.
You have the online option. It may not have been your original plan but this does give you another three months to find those elusive details of your taxable income and evade the penalty. Of course we would never recommend that you make use of the full three months. This only risks repeating the missed filing deadline so whilst this is fresh in your mind, find that missing paperwork and submit your return.
As HMRC so often tell us ‘tax doesn’t have to be taxing’, unless of course you have much better things to do with your time.
Rather than worrying about deadlines and submissions of your tax return, why not let us do it for you. Contact us today if you would like any help with submitting your tax return.
Any news or resources within this section should not be relied upon with regards to figures or data referred to as legislative and policy changes may have occurred.