So the self assessment deadline has passed for another year. It will be interesting to see the official stats; to see how many people waited until the last day to submit and pay.
I always advise our clients to file sooner rather than later, especially when clients know they have a tax refund due. In my opinion HMRC have paid refunds quite quickly this year.
Few reasons to pay early:
1. To minimise the risk of issues with banking or IT systems.
2. The feel good factor when you avoid the rush!
3. To make your accountant happy!!!
HMRC have mentioned in 'Making Tax Digital' that quarterly updates may be necessary which could prove to be a hurdle for many people, especially those who currently leave self assessment until the last day.
How was self assessment for you?
If you want to plan ahead why not call us today and get ready for next year?