Self-assessment deadline one week away

Julia Kollewe
Tax form
Tax form

Getty

There are 62 days to go until Christmas... but only a week until the self-assessment deadline. As the countdown to the festive season begins, ICAEW urges people to remember to file their self-assessment tax returns by 31 October (i.e. next Monday) to avoid a frosty chill this Christmas.

If you miss the paper filing deadline, your only alternative will then be to file online before 31 January 2012. However, many don't find this practical and still prefer to submit paper copies. If this is the case, it is important to ensure you meet the 31 October deadline - you need to allow a couple of days for posting it. Even if you are just one day late you risk a hefty penalty.