Whilst the 2018/19 tax year end may seem like a distant memory, the 31st January 2020 deadline for filing online Self Assessment tax returns is fast approaching.
Here is a handy checklist to help business partners, those who are self-employed and others with taxable income to prepare for the end of the month with the help of their accountants – and without breaking a sweat.
First time filing a return? Register. If this is your first time filing your tax return online, it’s vital you ensure that you have requested a Unique Taxpayer Reference (UTR) if you don’t already have one, and activated your account using the code sent to you in the post. As it can take up to 10 working days to receive your code, it’s important to register today to avoid missing the 31st January deadline and having to pay a fee.
Pile up your paperwork. Before you or your accountant can submit your return, you’ll need various documents including your National Insurance number, a record of your untaxed income from the 2018/19 tax year, proof of any income you’ve been taxed on already such as your P60 or P45, details of any pension or charitable