Those who didn't send in their paper tax return in October need to submit their 2008-09 Self Assessment tax return online by 31st January.
The 31 October deadline for paper returns has now passed, which means you must file your return online by the 31 January deadline. If you submit a paper return after 31 October, or you file online after 31 January, you could receive a £100 penalty.
If you’re a first-time Self Assessment filer, or you are new to online filing, you’ll first need to register for HMRC’s Self Assessment Online service. Registering is simple - visit the HMRC website at
www.hmrc.gov.uk/sa and click "Register for Self Assessment Online".
Once you’ve registered, an Activation Code will be sent to you in the post - it may take up to seven days for this to arrive, so it’s advisable to register as soon as possible.
When filing online, your tax is calculated automatically, you get an online acknowledgement once you’ve filed, and it’s processed faster, so any money you’re owed is repaid more quickly.
Around 5.8m people filed their tax return online last year, up from 3.8m the previous year - an increase of over 50%.
620 people in the UK filed their tax returns online on Christmas Day last year - 224 accountants and 396 individuals.
"If you haven’t yet sent us your 2008-09 tax return, don’t forget, it must be sent online before 31 January,” said Sarah Walker of HMRC.
“And if you haven’t filed online before, make sure you allow plenty of time to complete the registration process - that way, you’ll avoid a last-minute rush at the end of January."
And don’t forget, 31 January 2010 is also the deadline for paying any tax you owe for the 2008/09 tax year.
Help is available from the HMRC website at www.hmrc.gov.uk/sa.
Better Money Advice - Bringing you the best money saving deals on 2-4-1 restaurant vouchers, plus the best money advice. Best Loan Deals, Best Insurance Deals, Credit Card Deals & more Money Saving Deals Online- Bettermoneyadvice.co.uk.
Not what you are looking for? Search Better Money Advice for the Latest Money Saving Deals & News
Loading