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© 1996-2007
Nigel Edwards Walker
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The year's most important date to remember (other than one's wedding anniversary of course) is 31st January which is the last day Tax Returns can be accepted before attracting penalties. No matter how many months' notice we are given, it apparently comes as a horrific shock for some who realize, on 30th January, that there are only twenty-four hours to go before £100 penalty is needlessly incurred! Fortunately, with thanks to the Revenue's Electronic Lodgment System (and my diligent little mouse) this tardiness can still be rectified in the nick of time - Returns can be sent electronically right upto midnight on the last day!
Another notable date is 5th April (being the last day of the Tax Year). From the 6th April onwards, Tax Return forms are sent to all those registered as responsible for providing Self Assessment details. If the completed form is returned prior to 30th September, the Revenue will calculate any tax liabilities, etc. More importantly, if this date is met, there is ample time to ensure everything can be agreed as being accurate before demands are made for tax which it is felt has been over-assessed!
Last updated: 10th April, 2007.
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