30 September deadline

30 September deadline

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Does anyone know if the Revenue are accepting Returns which are in their letterbox first thing Monday morning as received by the 30th September deadline? I can't see anything on the HMCE website.
Tammy Webb

Replies (6)

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David Winch
By David Winch
30th Sep 2005 14:12

Self assessment tax returns

Tammy

If you are referring to self assessment income tax returns for the year ended 5 April 2005 there is no statutory 30 September deadline.

HMRC merely indicate that they cannot promise to process returns received after 30 September in good time to advise taxpayers of the amount due for payment on 31 January 2006.

In practice they will actually advise almost all taxpayers who submit returns in October of the amount payable on 31 January well before the payment is due.

The fixed penalty of £100 only applies where a return is received after 1 February (whether or not the return includes a calculation of tax assessed).

Relax!

David


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By AnonymousUser
01st Oct 2005 17:23

Underpayment to be coded out
Thanks for your comments.

I had an underpayment I wanted coded out.

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David Winch
By David Winch
05th Oct 2005 10:47

Thanks Andrew

Andrew

Thanks for that. You learn something every day!

David

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By ACDWebb
05th Oct 2005 00:26

...and if you Do It On-Line
the "deadline" becomes 30 Dec

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By andymeeson
05th Oct 2005 10:30

Wading in after a week or so's absence...
Loth as I am to contradict David Winch, I must point out that strictly there is a statutory 30 September deadline.

TMA 1970 s.9(2) exempts the taxpayer from the requirement to include a self-assessment "if he makes and delivers his return for a year of assessment (a) on or before the 30 September next following the year..."

If the 30/9 deadline is passed, HMRC has the right to reject as incomplete any return which does not include a self-assessment. In practice they hardly ever do, and their normal policy, as David states, is to compute the tax themselves.

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By Chris Smail
04th Oct 2005 11:22

Do it on-line
Why not get set up so you can submit electronicaly.

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