close menu
Tax-rebates

UK personal tax advice

Do your earnings come from a variety of income sources? Are you self-employed or a limited company contractor? Do you possibly earn income outside of the UK? If you answered yes to any of these questions you may be required to submit a UK personal tax return. These can be complex, but with our help you'll always be on the right side of HMRC.

Who is usually required to submit a personal tax return?

  • Those who are (or were) a company director
  • Those who are (or were) self-employed
  • Those who earn an income from an overseas source, investment dividends or rental property
  • Those who receive other income that is not taxed at source - for example capital gains or dividends
 

Types of tax (and returns) that we can assist you with:

 

UK tax deadlines for individuals and partnerships

Download this table

Tax/other obligation

Deadline

Penalty

Income Tax return (self assessment) 31 January following the end of the tax year for electronic returns.

31 October following the end of the tax year for paper returns.
Depends on how late:
  • Missed deadline: £100
  • 3 months: £10 a day
  • 6 months: 5% of tax due or £300 if greater
  • 12 months: 5% of tax due or £300 if greater
Income Tax payments 31 January balancing payment for the previous tax year and first payment on account of the current year.

31 July second payment on account for the current tax year.
Depends on how late:
  • 30 days: 5% of tax due
  • 6 months: 5% of tax outstanding at that date
  • 12 months:5% of tax outstanding at that date
VAT (if registered) quarterly return and payment 1 month and 7 days after quarter end Surcharges can apply if you don’t file (or pay in full) by the deadline more than once in a 12 month period.

Level of surcharge depends on turnover and number of failures, ranging from 2% to 15% of the VAT outstanding.
PAYE (if an employer) RTI return On or before payment made to an employee In year submissions:
  • Can be up to 3 days late without penalty
  • Special rules apply in numerous situations
Final submission:
  • £100 per 50 employees for each month.
PAYE payment 19th/22nd of each month (if making manual/electronic payment) unless arranged for a quarterly or annual scheme

Class 1A NICs: 19th/22nd of July (if making manual/electronic payment) following the end of the tax year
Late monthly and quarterly payments:
  • 1% to 4% of late amount depending on how many more times a payment is made late
  • No penalty if only one payment is late in any tax year, unless more than six months late
  • 5% if more than six months late
  • A further 5% if still not paid after 12 months
Annual payments (e.g. Class 1A NICs and PAYE Settlement Agreements):
  • Up to three penalties of 5% of the amount that is late, depending on the length of time that the amount is not paid in full
CIS returns 19th of each month Depends on how late:
  • 1 day: £100
  • 2 months: £200
  • 6 months: higher of £300 and
  • 5% of CIS deductions
  • 12 months: higher of £300 and
  • 5% of CIS deductions
  • Beyond this additional penalties can be up to the higher of 100% of the CIS deductions and £3,000.
Tax credits renewal 31 July If deadline is missed:
  • Tax credits payments will stop
  • Have to repay any amounts received since 6 April

South Africa

Cape Town

Regent Square
Doncaster Road
Kenilworth 7708 +27 (0) 21 657 2120

Durban

201 The Annex
Ridgeside Office Park
Umhlanga +27 (0) 31 536 8843

United Kingdom

London

Castlewood House
77/91 New Oxford Street
WC1A 1DG +44 (0) 20 7759 7514

Croydon

5-7 Selsdon Road
South Croydon
CR2 6PU +44 (0) 20 7759 7581

Australia

Melbourne

9 Yarra Street
South Yarra
VIC 3141 +613 (0) 8651 4500

Sable International is a trading name of 1st Contact Money Limited (company number 7070528) registered in England and Wales. Sable International is authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), the Financial Services Board in South Africa (FSP no. 41900) and holds an Australian Financial Services License issued by ASIC to deal in foreign exchange (AFS License number 335 126).

This site uses cookies, read more or close this notice.