There are two important tax deadlines in October that could result in a fine if missed.
Scottish households are being urged to check if they need to fill in a tax return ahead of two key October deadlines set by HM Revenue and Customs , to avoid the risk of incurring a fine. Advice Direct Scotland is reminding people that they only have until October 5 to inform HMRC if they need to register for self-assessment for the 2023/24 tax year.
Registration can be completed easily online through HMRC, but anyone who fails to do this and submits their tax return late risks a fine. More information can be found on GOV.UK and anyone who is unsure if they need to file a Self Assessment can use the free online tool on GOV.UK to check. Staff can answer questions on a wide range of areas, from PAYE and National Insurance queries to advice on filling in self-assessment forms.
“It’s important not to miss any of the key deadlines set by HMRC as if you do, you risk incurring a fine on top of any tax that you might owe from the 2023/24 tax year.”
HMRC Tax Taxes Child Benefits Corporation Tax
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