The 2017-18 tax return deadline for taxpayers who continue to submit paper Self-Assessment returns, is 31 October 2018. Late submission of a Self-Assessment return will become liable to a £100 late filing penalty. The penalty usually applies even if there is no liability or if any tax due is paid in full by 31 January 2019. We would recommend that anyone still submitting paper tax returns to consider the benefits of submitting the returns electronically.
We also recommend that if your Self-Assessment is outstanding for the year ended 05 April 2018 to get this completed at your earliest convenience so that you still have time to pay any tax owed before the deadline of 31 January 2018
Posted by Cassey Nixon on
28th September 2018
Tax Implications for Construction Industry
If you run a construction business and secure the services of sub-contractors, or if you are a sub-contractor, you will need to comply with a special set of tax rules known as the Construction Industry Scheme (CIS). The CIS rules determine the tax and National Insurance treatment for those working in the construction industry. Under […]
What Is a Joint Venture?
A joint venture is a commercial enterprise undertaken by two or more parties who otherwise retain their separate identities. The parties to the joint venture usually bring together different resources and areas of expertise to help fulfil a specific project. HMRC makes the point that on close examination of these associations prove to be partnerships, […]