We would like to wish everyone a Happy New Year and we hope you had a great Christmas break.
If you aren’t already aware, all tax returns have to be filed by the 31st January. Time is running out!
If you are due a refund, please be careful about HMRC scams. HMRC will never notify you about a refund by SMS, email or call. HMRC will only send you a letter.
If you do experience any of the above, just ignore them, and don’t click on any links. Visit https://www.gov.uk/topic/dealing-with-hmrc/phishing-scams to see how to deal and report any scams!
If you have tax to pay by 31 January, then please be aware that HMRC are may not issue you a payslip, so please don’t wait around! You can visit https://www.gov.uk/pay-self-assessment-tax-bill to find out how to pay your tax.
HMRC will have contacted you if they think you need to fill in a tax return. If you haven’t heard from HMRC but think you may need to file a return, you can see if you are eligible by clicking on this link, https://www.gov.uk/self-assessment-tax-returns/who-must-send-a-tax-return. If you have been asked to complete a tax return but you don’t think it applies to you, contact HMRC. If you fail to do so and miss the deadline you will be penalised.
There is now an automatic penalty of £100 for filing a late return – even if no tax is owed. This will begin to increase the longer you wait to file your return.