This is a reminder to all clients who have not yet sent on to us all the relevant information to prepare the 2017/18 self assessment tax returns.
The deadline for submission of this tax return is 31st January 2019. If a tax return is submitted after this date, then penalties will be incurred. These penalties initially start at £100, irrespective of whether a tax liability arises or not. These penalties increase over time, and from 1st May 2019 a daily penalty rate of £10 per day will be added.
If you have not yet done so, please send all relevant information on to us at the office, without further delay. During January, we will be preparing tax returns for clients on a strict basis of first in first out. If we are unable to prepare and submit the tax return for clients, due to insufficient time, then we have no responsibility whatsoever for any penalties that may be incurred.