Tax return deadline 2016

Self Assessment is the method that HMRC uses to collect your Income Tax. This tax is usually deducted straight away from your wages, pensions and savings. If you’re a person or business with another source of income, it’s essential to report this in your annual tax return.

If you file your Self Assessment tax return online, it’s important to stick to the deadlines provided by HMRC. You will usually have to pay a penalty if you’re late in returning this, but the opportunity to appeal is also there if you have a valid reason for being late.

  • The deadline for filing your Self Assessment tax returns this year is: 31st January

Please note that if you didn’t send an online return last year, you have to allow extra time as you will need to register first. You might not be eligible now.

To sign in and file your Self Assessment, HMRC have provided a handy sign-in guide for you to follow.

  • The deadline for paying your Self Assessment tax bill this year is: 31st January

Please note that HMRC will calculate what you owe based on the report you give. To find out more, check their guide for understanding your Self Assessment tax bill

If you’re also wondering what are the best ways to pay, follow their guide for how to pay your Self Assessment tax bill.

Key tax dates 2016

31st January 2016

  • Deadline for filing and paying your first Self Assessment tax return for the tax year ending 5th April 2016.

(Please note, this may be different if HMRC issues a notice to make an online tax return after 31st October 2015, therefore giving you three months from that issue date)

  • Deadline for sending a paper tax return if you’re a trustee of a registered pension scheme or non-resident company.

(Please note you can’t send a return online)

5th April 2016

  • Last day of the 2015/16 personal tax year.

6th April 2016

  • Start of the 2016/17 personal tax year.

31st July 2016

  • This is an additional payment deadline, if you make advance payments towards your bill. This is known as ‘payments on account‘ (POA).

Posted by Tom Smith

Thomas joined the team in April 2014 as a Digital Marketing apprentice. He likes Clear Books because the company is young, dynamic and has a great atmosphere. On weekends he can be found watching films or down the pub with mates.

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