With so many deadlines and rules to follow, it's essential to stay organized and on top of things to ensure you receive the full tax rebate and refund that you're entitled to. In this blog post, we'll go over some of the key dates and deadlines you need to keep in mind when it comes to tax season in the UK.
Income Tax Return Deadline: 31st January
The deadline for submitting your Income Tax Return is the 31st of January each year. This is the date by which you must provide HM Revenue and Customs (HMRC) with information about your taxable income and capital gains for the previous tax year (which runs from 6 April to 5 April). If you miss the deadline, you'll be faced with penalties and interest charges, so make sure to submit your return on time.
Deadline for Tax Refund Claims: 4 Years
You have up to 4 years to claim a tax refund if you believe you've overpaid tax in a previous tax year. However, it's recommended that you claim as soon as possible, as you may miss out on interest and investment returns if you wait too long.
Self Assessment Payment Deadline: 31st January
If you owe any tax, you must pay it by 31st January each year. This includes the first payment on account for the current tax year and any balance owed from the previous tax year. If you don't pay on time, you'll incur penalties and interest charges.
Tax season can be stressful, but by being organized and keeping these key deadlines in mind, you can ensure that you receive the full tax rebate and refund that you're entitled to. Don't miss out on your chance to claim a tax refund or rebate - make sure to submit your Income Tax Return and any claims by the 31st of January each year. If you have any questions or concerns, don't hesitate to reach out to us or HMRC.
In TaxHelper, we help you find the tax refunds you are entitled to. You just answer simple questions that only take 15 min. to go through.
Afterwards, we report the tax refunds and you get an extra £308 paid out on average. And you only pay if you get a tax refund.
Step-by-step guide on how to claim your tax rebate this year
A quick introduction to the emergency tax code and when it applies.