Finance

Top Tips on What to Do if You Haven’t Filed Your Self-Assessment Tax Return on Time

Top Tips on What to Do if You Haven’t Filed Your Self-Assessment Tax Return on Time

Finance
You should be aware that filing your self-assessment tax return is important if you are running a small business – and, more than this, filing your self-assessment tax return by the 31st of January deadline is even more important. But if you have not been able to file your self-assessment tax return on time, you need not panic – there are still things you can do and steps to take even when the deadline has come and gone. What you should know First of all, you should know that even if you are just a few days late in filing your self-assessment tax return, you will not be arrested and will not have to deal with a tax inspector. The worst you can get if you are late by a few days in filing your tax return is an HMRC fine of about £100. However, what you should also know is that the l