24/10/2024

100 Days Left To File Your Self Assessment Tax Return

The clock is ticking for taxpayers who file Self Assessments. HM Revenue and Customs (HMRC) is reminding everyone that they have just 100 days left to submit their return and settle any tax owed before the January 31st deadline.

For those who haven't started yet, HMRC offers a wealth of information and guidance on GOV.UK to assist you with the process.

Over 3.5 million individuals have already submitted their returns, demonstrating the importance of early action. HMRC emphasises the benefits of starting early:

• Increased Accuracy: Taking your time reduces the risk of errors in your return.

• Reduced Stress: Avoid the last-minute scramble and filing frenzy.

• Financial Clarity: Knowing your tax liability sooner allows for better budgeting.

Myrtle Lloyd, HMRC's Director General for Customer Services, said: "The countdown to the Self Assessment deadline has begun but there is still time to thoroughly prepare and file an accurate tax return by 31 January. You can access online help and support to help you file. Search 'help with Self Assessment' on GOV.UK to find out more."

More than 12 million people need to file a tax return for the 2023 to 2024 tax year and pay any tax owed by the 31 January 2025 deadline.
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HMRC has produced a series of YouTube videos to help people complete their return and a step-by-step guide to check what customers need to do to file their first tax return.

Customers who are unsure if they need to file a tax return can visit GOV.UK to check if they need to send a Self Assessment tax return.

Anyone who is new to Self Assessment needs to register to receive their Unique Taxpayer Reference before they can send a tax return for the 2023 to 2024 tax year.

People who no longer need to file a tax return should tell HMRC as soon as possible to avoid any penalties. HMRC has produced 2 videos explaining how customers can go online and stop Self Assessment if they are self-employed and those who are not self-employed.

HMRC recommends that anyone who regularly sell goods or provides a service through an online platform to find out more about selling online and paying taxes. The information on GOV.UK will help them decide if their activity should be treated as a trade and if they need to complete a Self Assessment tax return.

Criminals use emails, phone calls and texts to try to steal information and money from taxpayers. Before sharing their personal or financial details, people should search 'HMRC tax scams' on GOV.UK to access a checklist to help them decide if the contact they have received is a scam

People should never share their HMRC login information with anyone. Someone could use them to steal from them or claim benefits or a refund in their name.


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Just 100 Days Left To Submit Self Assessment Tax Returns
HM Revenue and Customs (HMRC) has issued a reminder to Self Assessment customers that there is now just 100 days left to submit a tax return by the deadline of 31 January 2024. And with the clock ticking down, customers can find various types of help from webinars to step by step guides at the click of a mouse.