If you have yet to complete your 2015/16 online tax return, the deadline to submit is no later than midnight on 31 January 2017.
You’ll need your login information and up-to-date financial records to complete your self-assessment.
Access the HMRC page on the site and complete the form.
If you are submitting your return for the first time, you must have registered online with HMRC. Your 10 digit unique taxpayer reference and activation code will be sent via post.
HMRC will calculate and send you the amount of tax due. All tax for 2015/16 must be paid by 31 January.
There are several ways to pay your tax bill:
- credit or debit card
- online banking.
Anita Monteith, technical tax manager at ICEAW, said:
“There are still two weeks until the deadline and I urge everyone who is yet to submit their self-assessment to start filling it in.
“HMRC have a zero-tolerance policy and an initial £100 fixed penalty will apply even if you submit at one minute past midnight on the 31st. After 3 months, this penalty will increase and can add up to a maximum of £900.”
For any help or advice with financial planning talk to RPD