Hi,
Self Assessment filing deadline & 5 Tips
Time is running out for landlords and other Income Taxpayers, with the Self Assessment online filing deadline of midnight on the 31 January fast approaching. Miss it, and straight away, you’ll have to pay a Self Assessment late-filing penalty of £100.
- After three months, if you still haven’t submitted your Self Assessment tax return, you’ll face an additional £10-a-day penalty, up to a £900 maximum.
- If you’re six months or more late, there’s a further penalty of £300 or 5% of the tax owing if this is greater.
- Those who are 12 months or more late are charged another £300 or 5% of the tax owing if this is greater.
The message for landlords is clear: it’s far better and cheaper to make sure you don’t miss the 31 January Self Assessment online filing deadline.
If you haven’t yet started to complete your Self Assessment tax return, you really need to get a wiggle on. To help you, here are five last-minute tips for landlords who need to complete a Self Assessment tax return.
British Landlord Association
Legal Team
01293 855700
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