Tax Return Preparation

What is a tax return?

A tax return can be either produced in a paper form or submitted online, this return shows details of your taxable income, and any capital gains if appropriate and tax allowances that can be claimed along with any tax reliefs.

HMRC may issue a tax return to you each tax year. The tax year runs from 6 April one year to 5 April the next. If you receive a tax return, the law says you must fill it in.

HMRC uses the information on your tax return to work out your tax bill or work out whether you are due a tax refund.

Tax return deadlines and penalties

During the tax year (6 April one year to 5 April the next) there are key dates for sending in your tax return and making payments. It’s important you are aware of these dates – HMRC can impose penalties and surcharges if you miss them.

Deadlines for sending in your tax return

If you send your tax return online, it must reach HMRC by midnight on 31 January.
If you send in a paper tax return, it must reach HMRC by midnight on 31 October.

Penalties if you miss the tax return deadline

If HMRC receives your tax return after the filing deadline, you’ll be charged an automatic £100 penalty.
If a Partnership Tax Return is late there is a £100 penalty for each partner.
If a Trust and Estate Tax Return is late there is a £100 charge to the trust or estate.

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