Self-assessment paper tax returns for the 2016/17 tax year need to be in by 31 october don't forget to allow time for posting the deadline to submit a paper self-assessment tax return to hm revenue & customs for 2016/17 is midnight on october 31. Tax does not have a reputation for generating excitement, but last year more than 385,000 taxpayers left it until january 31 — deadline day — to file their tax returns roughly 104m self . If you are self-employed, it is your responsibility to fill in a self-assessment tax return at the end of each tax year the deadline would depend on whether or not you complete a paper tax return or an online tax return. If you have manually submitted a paper return after its due submission date do not then submit the return online and hope to avoid the penalty charge as hmrc will accept only the first return so for example - rashid sends in a paper 2017/18 self assessment tax return on 30 november 2018. Midnight on monday is the deadline for people to file their paper self-assessment tax returns and while it is almost certainly too late to send them by mail to hm revenue & customs, taxpayers have .
We all know tax returns can be confusing, so here are a few tips for filling out your paper tax return before the deadline self assessment tax returns. The deadline for filing 2018 self assessment tax returns is still some way off but a number of issues have already emerged this is a particular issue for those who file paper tax returns because they are affected by one of the exclusions from online filing who have a filing deadline of 31 january . 31 october 2018 – the deadline for filing a paper tax return 30 december 2018 – deadline for online submission of self-assessment tax returns for year ending 5 april 2017 for hmrc to collect . The deadline for the paper self-assessment 2016/17 tax return submission is 31st october 2017 most of the self-assessment returns you are submitting will of course be prepared on commercial software and submitted online etc.
The deadline for filing 2018 self assessment tax returns is still some way off but a number of issues have already emerged paper tax returns hmrc does not process paper self assessment tax returns as they are received. Self-assessment tax returns 2016 if you need to make a self-assessment tax return this year, for income received between 6 april 2015 and 5 april 2016, you face a choice you can fill in a traditional paper form or make an online return by logging on to the hmrc website. Those who receive the self-assessment tax return forms from hmrc have to return them by law this can be done by submitting a paperwork tax return by post or by submitting the forms online paper . The 2017-18 tax return deadline for taxpayers who continue to submit paper self-assessment returns, is 31 october 2018 late submission of a self-assessment return will become liable to a £100 late filing penalty.
There are separate deadlines for submitting your self assessment tax returns online and on paper the penalties for missing them start from £100 for being even a single day late, and just get worse from there. Glitches in tax return software standards mean that two groups of taxpayers may have to submit their 2016/17 tax returns on paper, instead of electronica. Hmrc have announced an overhaul of the self assessment process, claiming that the move will make life easier for the self-employed annual tax returns, heaps of paperwork, and time-consuming forms could soon be a thing of the past, as hmrc shake up their out-of-date and often confusing processes .
File your tax return and self-assessment for the previous tax year pay any balance of tax due for the previous year for example, by 31 october 2017 you must pay your preliminary tax for 2017, file your 2016 self-assessment tax return and pay any income tax (it) balance for 2016. Every year, hmrc publishes a list of exclusions for online filingthis list outlines the circumstances under which you will need to submit your self-assessment tax return by paper rather than online, as your online self-assessment could be rejected, or your tax liabilities could be calculated wrong. Tds, self-assessment tax, advance tax: how to handle these in your income tax return for ay2018-19 taxes are collected from taxpayers in the form of tds, advance tax and self-assessment tax how . Expert tips for filling out a paper tax return, plus information on how to fill out supplementary pages on your paper tax return self-assessment tax return .
Completing a self-assessment tax return remains daunting for many of the 10 million people required to do so, but you can minimise the pain – and possibly the bill itself. How to fill in your tax return moneywise loading unsubscribe from moneywise make sure you follow our simple steps to get your self-assessment tax return to the man on time. This paper reviews the key issues in income tax compliance and taxpayer self- or are in the process of strengthening income tax compliance through self-assessment . Self assessment tax return forms and helpsheets for the current tax year.
The hmrc online option to self assessment allows you to fill in and send your tax return “this is also the deadline to pay any tax due for paper and online filers. If you send self assessment tax returns, you can check how long it will take hmrc to: send your self assessment refund - including requests made from your online account amend your self assessment return. Currently you can file your self-assessment tax return by post or online hmrc encourage people to file online by sending out a ‘notice to file a tax return’ (form sa216) rather than a paper copy of the return. Income tax returns may be filed on-line or on paper there are significant differences between paper and on-line filing key issues are: you must register in advance to use the on-line system.