Planning
for 30 September Tax Return Deadline
If you file your personal Tax Return by 30 September,
following the 5 April fiscal year end, and your tax bill is less
than £2,000, you can pay the tax you owe, via your monthly
employment income, through next year's PAYE tax code. That way,
you pay by instalments - interest free, and between 3 and 14 months
later than the normal due date.
The Inland Revenue increased the amount of tax you can pay in
this way by £1,000, but if you want to avoid paying your
tax bill in a lump sum on 31 January, you must file your Tax Return
by the 30 September deadline.
In addition, filing your tax return by 30 September forces the
Inland Revenue to calculate the tax liability for you, avoiding
the need to self assess. This can be beneficial to you for a number
of reasons.
Practical Examples of our Personal Tax Expertise
- Preparing a UK tax return for non resident taxpayers.
- Preparing all income tax documentation for an individual
just starting in business.
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- Completing the Rental Income supplementary tax return
pages for buy-to-let transactions.
- 'Repairing' an error or mistake on a previous tax return.
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