Are you prepared for the online Self Assessment tax return and payment deadline of midnight on Friday 31 January 2025?
HM Revenue & Customs (HMRC) is encouraging their Self Assessment customers to prepare and file their tax return early as the 31 January 2025 deadline is in sight.
The deadline to file your Self Assessment tax return online and pay the tax you owe for the 2023 to 2024 tax year is 11:59pm on Friday 31 January 2025.
The benefit of filing early
HMRC is encouraging customers to complete their Self Assessment tax return as soon as they can, so they know what they owe and can budget to make the payment by 31 January 2025. This also means that if a repayment is due it can be claimed back sooner.
Do I need to file a Self Assessment tax return?
HMRC customers who are unsure if they need to file a tax return can check if they need to send a Self Assessment tax return.
New to Self Assessment
Anyone who is new to Self Assessment needs to register for Self Assessment to receive their Unique Taxpayer Reference before they can send a tax return for the 2023 to 2024 tax year.
No longer need to file a tax return?
People who no longer need to file a tax return should tell HMRC as soon as possible to avoid any penalties.
Self Assessment help webinars
HMRC is hosting a number of live webinars focusing on a range of Self Assessment topics in January. These webinars are free and last around one hour.
The self-employment section of your online tax return
Thu 23 Jan at 11:45am
Other income and tax reliefs on your online tax return
Thu 23 Jan at 1:45pm
Thu 30 Jan at 9:45am
Finishing your online tax return
Fri 24 Jan at 9:45am
Thu 30 Jan at 1:45pm
Your Self Assessment calculation and payments
Fri 24 Jan at 1:45pm
Fri 31 Jan at 11:45am
The UK property section of your online tax return
Wed 29 Jan at 1:45pm
Additional Self Assessent help
HMRC has also produced a series of YouTube videos to help people complete their return and a step-by-step guide to check what customers need to do to file their first tax return
Source: nibusinessinfo