Businesses’ urged to get cracking on tax returns with only 100 days until deadline

Norfolk businesses are being reminded that there are only 100 days left until the Self Assessment tax return deadline.

The deadline for paper tax returns is 31 October 2018 and the deadline for online tax returns and paying any tax owed is January 31, 2019.

If customers miss the deadline, they can face a minimum £100 penalty for late submissions.

Last year, more than 11 million customers completed a 2016/17 Self Assessment tax return, with 10.7 million completing on time.

There were 4,852,744 customers who filed in January 2018 (44.8% of the total), and 758,707 on 31 January.

Angela MacDonald, HMRC’s director general for customer services, said: “The deadline for completing Self Assessment tax returns may be 100 days away, yet, for many of us, we wait until January to start the process. Time flies once the festive period is underway, yet the ‘niggle’ to file your tax return remains.”

Courtesy of The EDP– 26/10/18

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