Here's our lowdown on what tax dates you need to remember for 2019.
31 January 2019
This is the deadline for filing a self-assessment tax return.
How do you know if you need to submit a tax return?
Most UK taxpayers have the money deducted from their pay packet – that is called PAYE.
But around 10million people need to complete a self-assessment tax return and send it to the tax office, or do it online.
People with the following status are obliged to complete the forms.
- You are self-employed, a business partner, or director of a limited company
- You're an employee or pensioner with an annual income of £100,000 or more
- You have a pre-tax investment income of £10,000 or more
- You are a minister of religion
- You're a trustee or representative of someone who has died
- You're a name at the "Lloyd's" of London insurance market
1 April 2019
This is the deadline for paying a tax bill for the 2018/19 financial year.
Businesses will also need to submit VAT returns electronically for the first time as part of the government's Making Tax Digital scheme.
5 April 2019
This is the end of the 2018/19 financial year.
6 April 2019
This is the start of the 2019/20 financial year.
Online tax returns
The digital forms are very similar to the paper ones but the process has a handful of advantages.
The key benefit is that you have an extended deadline which allows you three extra months to return the forms.
Another advantage is that your tax is calculated automatically as you fill in the return, and you get paid faster if the HMRC owes you money.
You also receive instant confirmation that your return has been filed.
The online service is also personalised so that as you answers questions, certain sections are removed if they don't apply to you.
If you haven't submitted your forms online before then you need to register in advance.
To sign in or register visit the "Self Assessment tax return" section of HMRC's website.
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