Self-assessment due on January 31, 2017. Hurry!

Self-assessment due on January 31, 2017. Hurry!

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Every year HMRC receives a number of unusual (read: hilarious) excuses from people who fail to file their taxes on time. This year, in a bid to stop appeals against HMRC penalties for late returns on the basis of such flimsy reasons, the government body shared a few of them in a press release circulated on 21 December 2016:

1. “A wasp in my car caused me to have an accident and my tax return, which was inside, was destroyed”

2. “My wife helps me with my tax return, but she had a headache for ten days”

3. “My dog ate my tax return…and all of the reminders”

4. “My internet connection failed”

5.“The postman doesn’t deliver to my house”

As you may all know it’s that time of the year! The deadline to file your self-assessment tax return for 2015-2016 online is around the corner but don’t let that dampen your holiday spirit because the process of filing your personal taxes is relatively simple – especially if you are self-employed!

However, if you file the taxes after the deadline, even by as little as a day, you will be charged a fine of £100 and your fines will increase if your return is more than 3 months late.  So if you don’t want to receive any official communication from HMRC or be subjected to late filing penalty rules, we suggest you get on with this “tedious” task right away.

Now – you do have the option to file your tax returns via HMRC’S online portal but if you don’t go through the process, Bradleys Contractors is ready to assist you in filing your taxes.

Call our Tax Helpline on 0203 507 0022 for a free consultation on self-assessment, limited company, umbrella payroll or reply to the email with a “YES” and one of our representatives will get back to you.

Please note, contractors who set up their limited company after 6 April 2016 will pay their first tax return by 31 January, 2018 and not 2017.

Others should contact us RIGHT NOW to avoid being charged a fine!