An Important Update From HMRC on Self-Assessment

All Self Assessment customers need to file their 2017-18 return, make a balancing payment for 2017-18 and their first payment on account for 2018-19 by 31 January 2019. (if appropriate)

We are aware however that if a customer is affected by an exclusion they won’t be able to file online or get an accurate self-assessment income tax liability calculation for 2017-18. Read More

Late Filing Penalties for 2017 Self-Assessment

Q- I have one or two clients who have yet to give me the information needed to complete their 2016/17 self-assessment tax returns. I am concerned about the consequences of this and want to advise my clients of the implications.

A- Where a 2016/17 self-assessment tax return has not been filed by 31 January 2018, your client will already have been charged a £100 penalty.Online returns with a 31 January 2018 filing date will incur additional penalties from 1 May 2018. Penalties of £10 per day will be chargeable for up to 90 days.

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