If you currently complete a Self Assessment Tax Return, this has to be completed and returned to the Inland Revenue by 31st January.

If you submit your return late you will incur an immediate £100 fine and will suffer further interest on this fine and any amounts which are outstanding. You will also need to pay the balance of the tax owed for the last tax year by 31st January.

Many people also have to make payments on account towards their tax bill for the next tax year. These payments are based on the amount of tax you had to pay through Self Assessment in the last tax year and are payable in two installments due on the 31st January and the 30th July. The Inland Revenue will also charge interest if either of these payments are late.

Now you can submit your returns online and sign-up for the online services, allowing you to keep track of which payments are due. If you are submitting your return near the deadline, the online system will help by providing immediate confirmation that your return has been submitted successfully and securely. The online system also provides information about any payments due and any interest that you may incur.

Wisteria is registered as an online agent and can help with all online services. Our Tax Department deals with a large number of Self Assessment Tax Returns at competitive prices and can help you complete your tax return even near the deadline.

For more immediate Self Assessment support go to the Self Assessment web page.