January 15, 2019 0

Deadlines for Self assessment Tax Returns 2018

Deadlines for Self assessment Tax Returns 2018

The deadline for filing your online Self Assessment tax return for the tax year ending 5 April 2018 is midnight on 31 January 2019. There are other important deadlines throughout the year for self-employed earners too, so we’ve put together a guide for you to find out more. HM Revenue and Customs (HMRC) must receive your tax return and any money you owe by the deadline.

Self Assessment Tax Returns Deadline
Register for Self Assessment if you’re self-employed or a sole tradernot self-employed, or registering a partner or partnership 5 October 2018
Paper tax returns Midnight 31 October 2018
Online tax returns Midnight 31 January 2019
Pay the tax you owe Midnight 31 January 2019
The Internal Revenue Service has announced that tax season will open on Monday, January 23, 2017. The IRS will begin accepting electronic tax returns that day, with more than 153 million individual tax returns expected to be filed in 2017. Every year, taxpayers have questions about early filing.
The IRS will begin accepting tax returns on Jan. 29, with nearly 155 million individual tax returns expected to be filed in 2018. The nation’s tax deadline will be April 17 this year – so taxpayers will have two additional days to file beyond April 15.
2017 tax returns that are due a refund have until April 17, 2021 (October 15, 2021 with an extension) to be filed with the IRS before the statute of limitations on the refund runs out. … However, if you owe additional tax, file your return as soon as you can, even if you can’t pay your tax bill right away.
If you file your return more than 60 days after the due date or extended due date, the minimum penalty is the smaller of $135 or 100 percent of the unpaid tax. You will not have to pay a late-filing or late-payment penalty if you can show reasonable cause for not filing or paying on time.

Meeting HMRC’s Deadlines for Tax Returns and Payments

For internet, telephone, BACS, BillPay, Bank Giro and Post Office counter payments, allow two working days for funds to clear with HMRC. If you pay by cheque, HMRC needs to receive this at least three working days before the payment deadline.

You can make CHAPS/GBS Transfer and Faster Payments on the payment deadline day.

Find an Accountant for Self Assessment Tax returns near you

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