Anyone who needs to fill out an online self assessment tax return has until the end of January to do so, but that doesn’t mean you should leave it until the last minute.
For any late returns there is a £100 fixed penalty, which is payable even if you have no extra tax to pay. Anything over 3 months late and you will be charged £10 daily.
To make sure you get your tax return in on time and avoid any charges take a look at these handy tips.
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Register as soon as possible on the HM Revenue & Customs (HMRC) online system and they will send you user ID and pin, which can take up to 1 week to arrive.
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Once your account is activated you have 28 days to fill out your form before your unique code expires and you have to get a new one.
- When filling out your form you need information of all income earned in the tax year April 2012-13, P60, P11D documents, interest statements from your bank and information on dividends from shares.
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