Only a few days left to submit your 2013/14 tax return!

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How time flies!

There are only a few days left to send your 2013-14 tax return to HM Revenue and Customs (HMRC) and avoid a £100 late-filing penalty.

If you still have to submit a return, you need to do it online and pay what you owe by midnight on Saturday 31 January.

HMRC figures released earlier this month revealed that London was the worst region for late tax returns in the UK last year (with 512 late returns per 10,000 received).

The statistics also showed that men were 10 per cent more likely than women to send a late return, while young people aged 18 to 20 were seven times more likely than the over 65s to file late.

HMRC Director General of Personal Tax, Ruth Owen, said:

“The days are counting down to 31 January. If you still have to send in your 2013-14 return, you need to take action now. The later you leave it, the less time you’ll have to sort out any last-minute problems.”

HMRC advise: Self Assessment-only customers (those who are self-employed, with no other source of income, no employees and who are not registered for VAT), can now opt to receive instant email alerts and electronic messages from HMRC, rather than paper communications.

To sign up for paperless Self Assessment, log onto your Self Assessment online account and follow the prompts. In future, this service will be extended to other Self Assessment online customers.

 

Source: HM Revenue & Customs Press Office via mynewsdesk