This is a final reminder for all those people who are self-employed  who are required to submit Self Assessment Personal Tax Returns.

To avoid a penalty of £100, electronic submission of tax returns is required not later than 31st January 2012.  The penalty will apply even if there is no tax to pay, or if the tax due for the year has already been paid on time.    After three months the penalty increases by £10 per day up to a maximum of £900.  After six months a further penalty of 5% or £300, whichever is the greater, will apply.  After twelve months the penalty will increase to 100% + interest.

31st January is also the deadline for paying any tax due.

If you need any assistance with your tax return, please contact CJS Accounting as soon as possible – tel: 01582 432227.

DOWNLOAD THE CJS ACCOUNTING E-CHRISTMAS CARD HERE!!

Image Copyright Dale Rockell Photography