Reminders for the paper tax return deadline of 31 October are everywhere. HMRC will be hoping that the transition to this new date (three months earlier than the previous paper return deadline) occurs as smoothly as possible, despite the economic crisis which may understandably be distracting taxpayers from their affairs. Failure to file paper returns by 31 October will be met with a £100 penalty.
There is a wealth of help on HMRC’s website available for those who need to complete a paper tax return, a good place to start being the new Self-Assessment podcast featuring Moira Stuart. If you are planning to submit your tax return online, the old deadline of 31 January remains. In the long term, HMRC hope that most taxpayers will move to online filing, which they say is quicker and more secure than a paper return, and the taxpayer receives an instant calculation.