Tuesday 18 October 2011

The following Tax Events are due on 31 October

The following Tax Events are due on 31 October 2011:
Deadline for submission of 2010/11 self assessment returns if you require HMRC to compute your tax liability and/or if tax underpaid is to be collected by adjustment to your 2012/13 PAYE code
What this means for you?
This deadline is relevant for those individuals who complete a paper self assessment tax return and who are employees. Where you have an underpayment of up to £2,000 only, you may request that HMRC collect any tax outstanding by making an adjustment to your tax code for the year 2012/13.
Deadline for submitting 'paper' 2010/11 self assessment returns
What this means for you?
This deadline is relevant to individuals who need to complete a self assessment tax return for 2010/11 and wish to file the return in a paper form. Self assessment returns submitted after this date must be submitted electronically.

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