Important Deadlines For UK Tax Returns

Personal Allowance

Avoid heavy penalties by filing your UK tax returns on time. Listed are important deadlines for 2020, by when to submit your self-assessment tax returns and make payments.

Apply For Online Tax Returns And Make Your First Payment – January 31st 2020

January 31st, 2020 deadline is the last day for submitting your online tax return for the 2018/19 tax year. Your UK tax return must be with HMRC by midnight of this date to avoid late penalties. 

This deadline will only change on the condition HMRC gives you notice to file your online tax returns after October 31st. In which case you have three months from the given date to do so.

January 31st is also the deadline to pay your UK tax. This is the date for the self-employed to make their first payment for the 2019/20 tax year; plus, the balance payments for any tax owed from the previous 2018/19 tax year. 

You may apply for tax back online too, in the event HMRC owes you a tax refund; make your claim. If you are not sure about the procedure or if you are eligible for a UK tax refund, get in touch and let us evaluate your account.

The New Tax Year Starts – April 6th 2020

Any new tax laws or allowances presented and agreed upon with the new budget presented on March 11th will become effective April 6th 2020.

Thus, any new tax allowances and rates will become effective from this date; do make sure you’re updated and avoid penalties. Also, make use of any tax allowances you may become eligible for. Come on in for an evaluation, and let’s save your hard earned money, since arming yourself with the correct information means you can file for a 2019/20 UK tax return.

Make Your Second Payment On Account – July 31st 2020

Self-employed tax payers making payments on account must submit their second payment by midnight of this date.

Register For Self-Assessment Tax Return – October 5th 2020

If you’re newly self-employed, this is the deadline to register yourself for a self-assessment tax return for the 2019/20 tax year.

Related Post:How to Pay Your Tax Bill

Deadline To Submit Paper Tax – October 31st 2020

This is the deadline for you to submit your paper tax return. However, if HMRC has sent you a notice, deeming you file your tax return after July 31st 2020, do so within three months of the date issued on the notice you receive.

Collect Overdue Tax On PAYE – Deadline December 30, 2020

If you pay tax online and are a contributor via PAYE system, then this is the deadline to file for an overdue tax return, throughout the year via your tax code.

Avoid late penalties, they are unnecessary payments to HMRC. We can help you get your tax file in order and save identifying your eligibility to claim UK tax refunds. our service fees are meagre in comparison to the savings you make; opt for peace of mind and contact up today!

Related Post: How to File Your First Tax Return

Translate »