If you’ve received a ‘notice to complete’ a tax return from HMRC, it’s crucial to understand that this is a statutory requirement. Even if you believe you don’t need to file a tax return, you must still submit it to HMRC or request the withdrawal of the notice to stay compliant. Failure to act by the 31 January deadline may result in a £100 penalty.
Moreover, if you meet the Self-Assessment (SA) criteria, it is your responsibility to inform HMRC, with the notification deadline being 5 October following the end of the relevant tax year.
For many of our clients, you’re likely already managing your Self-Assessment obligations, but it’s always wise to double-check your status.
To review the criteria for SA compliance, please click on the following link: Who must send a tax return.
At WBV Accountants, we’re here to help. We offer services to review your situation, ensuring you meet the SA criteria, and can assist with both registering and deregistering as necessary. With the notification deadline fast approaching, now is the ideal time to review your tax obligations.
If you have any questions or require assistance with your Self-Assessment, don’t hesitate to reach out to the WBV Accountants team. We’re here to help you navigate your tax obligations with ease.
Contact us today to ensure your tax affairs are in order.
☎️ 01792 652108
📧 mail@wbv.ltd.uk
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