Get ready for HMRC Self Assessment deadline
09-Dec-10by Annie Byrne
Cosima Duggal from HM Revenue & Customs tells EN that businesses in the UK meetings, exhibitions, business tourism and events industry, in line with other sectors, should be preparing to get any Self Assessment tax returns due in on time to meet the 31 January deadline. If HMRC receives your tax return after the January 31 deadline, you could be liable for a £100 penalty. “Receipts? Check. Invoices? Check. Bank statements? Check. If you spend a few hours getting your paperwork in order now, you’ll avoid a last-minute rush for filing your Self Assessment tax return online,” says Duggal. You can file online at www.hmrc.gov.uk/online/index.htm and, remember, if you’re submitting your Self Assessment return online for the first time, you’ll need to register and request an activation code which HMRC advises, takes a week to process.