Reminder- Self assessment deadline is tonight 31/01/2015
Discussion
Saw a news headline, which made me remember that email the accountant sent me months ago. Was difficult finding the online banking pin pad with phone torch app and making minimal noise to not wake up oh 
If this reminder helps you then please note that there is a fee of £2 to be given to that bloke in the supermarket holding the bucket for charity
If this reminder helps you then please note that there is a fee of £2 to be given to that bloke in the supermarket holding the bucket for charity
It doesn't amaze me at all.
The human race is divided into three types -
the over anxious - who want to do everything early
the normal - who do things in a reasonable time
the last minuters - who leave everything to the last minute.
Most of my clients fall in category 1 and 2, but there ios still a sizeable element in category 3
The human race is divided into three types -
the over anxious - who want to do everything early
the normal - who do things in a reasonable time
the last minuters - who leave everything to the last minute.
Most of my clients fall in category 1 and 2, but there ios still a sizeable element in category 3
The Leaper said:
Yes I know Eric. It just seems odd that the fine for non delivery of the return is only £100, given the number of people who miss the deadline having had the best part of 10 months to do so.
R.
It's not "only £100". That's the point I was making. It's INITIALLY £100 but climbs rapidly as follows - R.
Miss filing deadline
£100
30 days late
5% of tax due
3 months late
Daily penalty £10 per day for up to 90 days (max £900)
6 months late
5% of tax due or £300, if greater
6 months late
5% of tax outstanding at that date
12 months late
5% or £300 if greater, unless the
taxpayer is held to be deliberately withholding information that would enable HMRC to assess the tax due.
12 months late
5% of tax outstanding at that date
12 months & taxpayer deliberately withholds information
Based on behaviour:
deliberate and concealed withholding 100% of tax due, or £300 if greater.
deliberate but not concealed 70% of tax due, or £300 if greater.
Reductions apply for prompted and unprompted disclosures and telling, giving and helping.
Eric Mc said:
The human race is divided into three types -
...
the last minuters - who leave everything to the last minute.
I know the SA filing deadline isn't going to go away, but that apart, I tend to leave everything until the last minute. That way, a lot of things deal with themselves or just go away. The odd thing turns into a complete disaster but I haven't yet been able to determine whether I should change my approach....
the last minuters - who leave everything to the last minute.
Even with the SA, I might get run over by a bus before the deadline so would have wasted a few hours.
Sheepshanks said:
I know the SA filing deadline isn't going to go away, but that apart, I tend to leave everything until the last minute. That way, a lot of things deal with themselves or just go away. The odd thing turns into a complete disaster but I haven't yet been able to determine whether I should change my approach.
Even with the SA, I might get run over by a bus before the deadline so would have wasted a few hours.
I'm like this. Seems to work out well. For example I can get 12 months bookkeeping done in about 2-3 hours just before the deadline. That seems more sense to me than spending for example 30 mins each week. Batching tasks and being strategically last minute...Even with the SA, I might get run over by a bus before the deadline so would have wasted a few hours.
Also I don't understand why people would pay their tax early. I'd rather money earning interest in my account until deadline day!
Eric Mc said:
Submitted my last two yesterday. Saturday for me will be a day of rest.
Lucky you - I had 3 stragglers and the worst of these was still pulling numbers together for his accounts at 7-30 pm last night 😈 - the return went in at 11pm!He is buying the Mrs and me dinner at a restaurant of our choice together with his augmented bill! 😉
David
It's the least he could do.
I was determined that I wasn't going to be trying to submit returns on Saturday.
I had three out of my client list that didn't make it - but they weren't able to get the required information to me. Everyone who got information to me, beat the deadline.
I'm taking a few days off this week to recover.
I was determined that I wasn't going to be trying to submit returns on Saturday.
I had three out of my client list that didn't make it - but they weren't able to get the required information to me. Everyone who got information to me, beat the deadline.
I'm taking a few days off this week to recover.
Eric Mc said:
There is no requirement to pay your tax early (unless you need to make Payments on Account). Even if you file the return in June, the main payment date will still be the following 31 January.
I was under that impression, until you corrected me in another thread, so I'll probably do mine earlier this time around. Apart from anything else, doing it earlier will remove some of the abstract nature of the dates invovled - I had to keep checking and rechecking that I was dealing with the correct date range because it's so far back. Finally did mine on Wednesday, which is early for me.PurpleMoonlight said:
Eric Mc said:
The human race is divided into three types -
the over anxious - who want to do everything early
the normal - who do things in a reasonable time
the last minuters - who leave everything to the last minute.
Nahhh, just two.the over anxious - who want to do everything early
the normal - who do things in a reasonable time
the last minuters - who leave everything to the last minute.
The organised.
The disorganised.
I have had the pleasure of doing a considerable number of things in very good time before finding 90% of the work I have done has to be binned due to last minute changes or information that comes to light.
As such I do leave my return until January.
Throughout the year I put all the things I will need to the return in one folder (Coding Notices, P60's Little card with GovGate number, copy of last year's return for reference, etc.) Then I start to fill the form out over a couple of nights. Usually then sit back for a week or so, double check, submit and pay.
Last minute? Possibly.
Disorganised? Definitely not.
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