With the 31st January deadline fast approaching, all the staff at Your Tax Shop based in Tameside are working flat out and many business owners across the country are hurrying to get their Self-Assessment Tax Returns submitted on time. The £100 penalty for missing the deadline tends to be most people’s motivation, but still every year there are thousands who don’t manage to file their Tax Returns before the deadline.
According to figures from HM Revenue and Customs, it is men aged between 18 and 20 who are the worst offenders. However, at the other end of the spectrum, figures revealed that the over-65s are the most punctual when it comes to submitting their Tax Returns.
So far, HMRC has received 7 million tax returns ahead of the deadline but estimate there are approximately another 5 million outstanding. With just days to go until the end of January, so we here at Your Tax Shop, Tameside would advise not to forget the deadline for this year is midnight on the 31st January 2018.
If you would like help completing your Self-Assessment Tax Return, please do not hesitate to contact one of our team at Your Tax Shop either in our Mossley office or Ashton-under-Lyne office and we will be more than happy to help.