Property News · January 9, 2016

It’s a taxing time of year … here’s how to file your return


Completing a self-assessment tax return remains daunting for many of the 10 million people required to do so, but you can minimise the pain – and possibly the bill itselfNearly four million of the 10.2 million people in Britain required to fill in tax returns have not yet sent them in – and they now have less than four weeks left in which to do so. Last year 890,000 taxpayers missed the 31 January deadline and paid a £100 fine, with extra penalties for severely late returns. Yet for most people the online forms should take no more than a couple of hours – and you even have the luxury of taking your time as you don’t have to complete it all in one go.If you have not yet started yours there is no need to panic – yet. Just follow our guidelines below. If, however, you are a self-assessment first-timer you do need to get your skates on as you will have to obtain an “activation code” in order to kick-start the process. This is only sent out in the post and takes around seven working days to arrive. In other words, you’ll have to apply for an activation code no later than Thursday 21 January to have any hope of meeting the deadline. Continue reading…

Source : theguardian.com
Read more…It’s a taxing time of year … here’s how to file your return

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