Self Assessment filing deadline, tax year 2006-2007

December 2007

Clients who have not yet provided information so that we can complete their self assessment tax returns for 2006-2007 may like to take note of the following points:

The deadline for filing the return is 31 January 2008.
Late filing will incur a fixed penalty of £100 per return outstanding. The £100 fine is capped at the amount of tax due. So if your self assessment liability for 2006-7 is less than £100, the penalty will be reduced to the same amount. This concession does not apply to late filed partnership returns.
The late filing penalty for partnership returns is £100 per partner.
Until we have your return completed we cannot provide an accurate computation of your tax payments due in 2008. i.e. the balance of any tax and/or class 4 National Insurance for 2006-2007, payable on the 31 January 2008; any first payment on account which may be due for 2007-2008 on 31 January 2008; any second payment on account for 2007-2008 which may be due 31 July 2008.

If they are not yet provided can we request that you let us have your tax return details as soon as possible please.