The 31st January deadline for self-assessment tax returns is fast approaching, and it’s crucial to file on time to avoid penalties. At GnC Accounting, we’re here to make the process simple, accurate, and stress-free.

Why is the 31st January Deadline Important?

If you need to file a self-assessment tax return for the 2023/24 tax year, the deadline to submit online and pay any tax owed is 31st January 2025. Missing this date will result in an automatic £100 fine, with additional penalties for further delays. To understand the penalties in detail, visit the HMRC penalties page.

Who Needs to File?

You need to file a self-assessment tax return if you are:

• Self-employed or a sole trader.

• Receiving rental income or foreign income.

• A company director or someone with income outside of PAYE.
  For more information, visit the official HMRC guidelines.

Don’t Wait Until the Last Minute

Submitting your return early gives you:

Peace of Mind: Avoid last-minute stress and potential HMRC website issues.

Time to Budget: Know exactly what you owe and plan your payment.

Expert Support: Accountants like GnC Accounting are in high demand near the deadline—don’t leave it too late to seek help.

Let GnC Accounting Handle Your Tax Return

At GnC Accounting, we ensure your self-assessment tax return is filed accurately and on time. Avoid penalties and the January rush by reaching out to us today.

For further details, visit the official HMRC self-assessment page or contact us directly.

Don’t delay. Get in touch with us today. GnC Accounting is here to help you meet the 31st January deadline!