Do you normally leave your tax return to the last minute? With most people seeing this as a dreaded chore, you are not alone!
Whilst this may be a comforting thought, how many times have you left your tax return to the last minute, only to find that there is something you don’t understand, paperwork has gone missing or your tax position is more complicated than you first thought?
Whilst those who need to complete a tax return technically have till the 31st January to submit the return (following the end of the tax year) and those who need to do it for tax year 2018/19 (which ended 5th April 2019), have till the 31st January 2019, we promise there are many reasons why you should do it as early as possible.
#1 Receive refunds faster
We bet that got your attention! Yes, if you owe HMRC tax the deadline for payment is 31st January. However, if they owe you they will pay after they have received and processed your tax return.
#2 Improve cash flow
If you are in the situation where you
