Tax return submission deadlines

Here are the rules about dates for submission of personal tax returns to the Inland Revenue:

For paper returns: 31 October

For electronic returns: 31 January in the following year

Payments dates for the tax due per your return are:

31 January following the tax year – any tax due or balance of tax due
31 January in the tax year – the 1st payment on account of tax
31 July following the tax year – the 2nd payment on account for the previous year

Interest will be charged on any tax paid late

HMRC also issue a 5% surcharge where the balance of tax has not been paid by 28 February

Penalties for late submission are:

An automatic £100 if return sent in after the deadline
A further £100 if the return is more than 6 months’ late
HMRC can also impose daily penalties, and if the return is more than a year late, then a further penalty based on the tax liability can be charged.

The above deadlines also apply to partnership tax returns (including Limited Liability Partnerships (LLPs)) and late Partnership returns attract a £100 penalty for each partner as well as a penalty for the return itself.

For full details can be found here.

Please contact Andrew Scott to discuss how we can help you with your tax returns.