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Avoid a January hangover for tax self-assessment

by Susie Hughes at 11:49 18/12/17 (News on Business)

As the UK prepares for Christmas and the New Year, freelancers and small business owners are reminded not to leave tax self-assessment too late in January.

Advertisement Chas Roy-Chowdhury, head of tax at accountancy body, ACCA, said: "With the self-assessment deadline on January 31 it can be tempting to put off registration and preparation until well into the New Year. "Yet leaving it to the deadline can lead to an unfortunate January hangover, in addition to paying off Christmas expenses. It also means that eligible taxpayers may miss the December 30 deadline for automatic deductions, which reduces the ability to make the choice which is right for you. "If you are looking to wait, do remember that online tax returns are due by midnight on the January 31 2018. You should aim to register at least two weeks beforehand to allow enough time to complete the registration process." Tweet -- If you wish to comment on this article, please log in and use the Reply button below. Registering is free and easy - see 'Join Shout99'. - Susie Hughes © Shout99 2017

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