18-Nov-2024

Self-assessment tax returns: Counting down to 31 January

HM Revenue and Customs (HMRC) have begun reminding taxpayers that time is
ticking for getting self-assessment tax returns filed in time for the 31 January 2025
deadline.

More than 3.5 million tax returns have already been submitted, however HMRC are
anticipating more than 12 million in total needing to be filed by the end of January.
So, HMRC are encouraging people to submit their return as early as possible.

Filing earlier does have some advantages, such as avoiding a last-minute panic, and
knowing how much any tax payment will be in time to be able to budget for it.

If you need to complete a self-assessment tax return this year but haven’t completed
one before, then you will need to register first before you can send your tax return.
The registration process can take a few days, so it is best to start this in good time
before the end of January.

If you would like any help with completing your tax return, please feel free to contact
us at any time and we would be happy to help you.

See: https://www.gov.uk/government/news/on-your-marks-100-days-to-file-self-
assessment