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The annual tax return is due every year after 5th April all individuals, Sole Traders, partnerships, trusts and LLP ‘s are legally obliged to do their tax return.
This has be submitted to HMRC online, on or before 31st January the following year. Failure to deliver your annual tax return on time will result in penalty in the sum of £100 plus £10 per day, totalling up to £1200 Per annum.
Annual Tax Return are a responsible tax consultant and we always advise our clients to prepare all the tax documentation well before the deadline, so that we could do the Financial Tax Planning providing you with a good credit worthiness with HMRC and the credit rating agencies.