Addidi - Your Tax Return

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Your Tax Return

Have you remembered that if you missed the 31 October filing date for your 2010/11 paper tax return, then you must file online by 31 January 2012?

The penalties for late filing are now much higher than they used to be – the starting point is £100, even if you owe no tax. 31 January is also the date for paying any outstanding tax due for 2010/11 and the first payment on account for 2011/12. If you expect to pay less income tax for 2011/12 than 2010/11, you can make a claim to reduce your payments on account using HMRC form SA303. The FSA does not regulate tax advice.

If you need further guidance or advice in relation to your own finances, please contact us for an initial conversation about your need and how we might be able to assist you.

A Note of Caution
The content of this newsletter is provided by Addidi Wealth Ltd who is authorised and regulated by the Financial Services Authority. Please also note that past performance is not a reliable indicator of future performance. The value of investments and income from them can go down as well as up, and you may not get back the original amount invested. Levels and bases of, and reliefs from, taxation are subject to change and their value depends on the individual circumstances of the investor. The FSA does not regulate tax advice or deposit accounts.