Small business and tax blog

We would like to remind all clients that self-assessment tax returns for the year ended 5 April 2007 are due to be filed by 31 January 2008.

If you have not yet completed your tax return for this year, you should therefore now collect together all your records so we can make a start. Any tax payable for the year will also be due by 31 January 2008, so the earlier we can complete your tax return, the more notice we can give you of the amount of tax to pay, or claim any tax refund.

If we can complete and file your tax return by 30 December 2007, and you receive a salary or an occupational pension, we can apply to have any tax owing under £2,000 to be paid through your PAYE tax code throughout the 2008/09 tax year, instead of the whole amount of tax being payable on 31 January 2008.

If you are not sure what information is required to complete your return, then please get in touch with us as soon as possible.

Please note that if we receive your records too close to the January deadline, then we may not be able to complete your tax return on time. There are automatic penalties for late tax returns.

For more information, please see our tax returns page.