The deadline for online Self Assessment Tax Returns for the fiscal year 2016/17 are due by 31 January 2018. Any income tax due must be paid by the 31 January deadline.
We recommend that individuals should leave sufficient time to complete their self assessment tax submissions due to the large number of users expected to log on at the last minute. This is especially important for individuals completing their self assessment online for the first time as you will need to register and apply for your username and password several weeks before the submission can be made.
Limited Company Contractors will note that all directors of UK businesses are required to submit a self assessment tax return regardless of whether they have drawn a dividend or not. If you have not prepared for this you must act now in order to ensure that you will have sufficient time to meet the deadline.
For Self Assessment enquiries, please contact Belsize Accountancy Limited on 0207 043 0052. Belsize Accountancy specialise in providing accountancy services to Limited Company Contractors in the UK.