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Tax return deadline looms

Tax return deadline looms

Category: Money

Updated: 22/01/2010
First Published: 22/01/2010

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
As the Self Assessment tax return deadline of 31 January nears, those yet to file their return have been urged to act quickly to avoid a £100 penalty.

With the 31 October deadline for paper returns already passed, returns now have to be filed online by Sunday 31 January.

If a paper return is submitted after 31 October, or an online return filed after 31 January, a £100 fine penalty could be charged.

Of the nine and a half million Self Assessment returns it is expecting this year, HM Revenue & Customs (HMRC) said it had already received more than four million online.

Last year almost six million online returns were filed.

"The 31 January filing deadline is just around the corner, so if you haven't yet sent in your 2008/09 tax return, you need to take action now," said HMRC's Sarah Walker.

"Don't risk a penalty. Make sure you file your return online and on time."

The 31 January deadline also applies to those having to pay tax owed for the 2008/09 tax year.

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