When should I file my UK self assessment tax return for 2022/23?

The deadline for filing your Self Assessment tax return for the 2022/23 tax year is 31 January 2024. This applies to both paper and online returns.

If you are self-employed or have taxable income through Self Assessment, you must file a tax return each year. The deadline is the same for everyone, regardless of when your tax year ends.

What are the benefits of filing my Self Assessment tax return early?

There are several benefits to filing your Self Assessment tax return early. Here are a few of them:

• Peace of mind: Filing early can give you peace of mind knowing that you have met your tax obligations and are unlikely to incur any penalties.

• Better budgeting: Filing early can help you budget for your tax bill. This is because you will know how much tax you owe and when it is due.

• Time to pay agreement: If you owe tax, you may be able to set up a time to pay agreement with HMRC. This will give you more time to pay your bill without incurring interest or penalties.

• Reduced risk of errors: Filing early gives you more time to gather your paperwork and complete your return carefully. This can help to reduce the risk of making errors, which could delay your refund or lead to penalties.

How do I file my Self Assessment tax return?

You can file your Self Assessment tax return online or by post. The easiest way to file is online. You can do this through the HMRC website: https://www.gov.uk/self-assessment-tax-returns.

If you are filing by post, you will need to use form SA100. You can get this form from the HMRC website: https://www.gov.uk/government/publications/self-assessment-tax-return-sa100 or by calling HMRC on 0300 200 3300.

What if I miss the deadline?

If you miss the deadline for filing your Self Assessment tax return, you may be subject to a penalty. The amount of the penalty will depend on how late you file and how much tax you owe.

You can avoid a penalty if you have a good reason for missing the deadline. For example, if you were ill or had a family emergency. However, you will need to provide HMRC with evidence of your reason for late filing.

I need help filing my Self Assessment tax return.

If you need help filing your Self Assessment tax return, you can get help from HMRC or a tax professional. HMRC offers a helpline that you can call on 0300 200 3300. You can also find help online at the HMRC website: https://www.gov.uk/self-assessment-tax-returns.

We can also help you file your Self Assessment tax return, help you understand your tax obligations and ensure a correct return.

Get in touch with us today.