Categorized | news

2011-2012 paper tax return deadline looms

If you haven’t submitted your 2011-2012 paper tax return to Her Majesty’s Revenue & Customs yet, now is the time – you’ve but a few days left until deadline.

You have until 31 October to file your paper tax return without incurring a fixed penalty, so unless you want to end up paying an additional £100, the time to delay is over. The penalty will apply whether or not you owe tax, so the time for delay is quite nearly over.

However, there are alternatives if you do miss this 31 October paper tax return filing deadline. You can take until 31 January if you wish to file online, but this will be a bit more complex than simply sending a return through the post.

There are quite a few advantages to filing online instead of through a paper return, as you will receive money owed to you much more swiftly if you file online and the processing of your return is also done in a much quicker manner. However, the process is more involved, which may not sit well with anyone without at least a modicum of computer literacy skills.

If you wish to take advantage of online filing but you feel reticent about the process, taxation experts recommend finding someone that can help you work through the process. However, if even this is too involved a process for you, a paper tax return may be for you, provided you can submit one before the end of the deadline at the end of the month.

Be Sociable, Share!

More on this topic: Tags: , ,

Print This Post

Leave a Reply

You must be logged in to post a comment.

  • Switch Accountants for FREE

    Switch Accountants for FREEAt K&B Accountancy Group we have introduced a simple and straightforward approach to changing accountants. We’re offering contractors, consultants and freelancers the opportunity to switch to K&B Accountancy Group for FREE without the need to pay for any ‘catch up’ or retrospective accountancy fees for the previous year’s accounts and corporation tax return* *T&Cs apply

our top 5 twitter posts

twitter

contractor accountants

contractoraccts



twitter Join the conversation
Free Telephone Advice