Filing your online Self-Assessment Tax Return 2017/18 – Deadline 31 January 2019
You must submit a tax return if, in the last tax year (6 April 2017 to 5 April 2018), you were:
- self-employed as a ‘sole trader’ and earned more than £1,000
- a partner in a business partnership
You will not usually need to send a return if your only income is from your wages or pension. But you may need to send one if you have any other untaxed income, such as:
- money from renting out a property
- tips and commission
- income from savings, investments and dividends
- foreign income
Other reasons for sending a return
You can choose to fill in a tax return to:
- claim some Income Tax reliefs
- prove you’re self-employed, for example to claim Tax-Free Childcare or Maternity Allowance
Deadlines
HM Revenue and Customs (HMRC) must receive your tax return and any money you owe by the deadline. The last tax year started on 6 April 2017 and ended on 5 April 2018 – Self-Assessment Tax Return 2017/18 – Deadline 31 January 2019.
There’s an additional payment deadline of 31 July 2019, if you make advance payments towards your bill (known as ‘payments on account’). You’ll usually pay a penalty if you’re late. You can appeal against a penalty if you have a reasonable excuse.
Need Help?
We can complete and submit your tax return on your behalf. To arrange your FREE initial consultation please either contact us directly on 01524 784324 or complete and submit our on-line form .
Source:
