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Self assessment: if you\u2019re self-employed, then this may be front and foremost in your mind just now. While everyone else is thinking about Christmas shopping, planning festive gatherings and enjoying (or not!) the obligatory wearing of Christmas jumpers, you\u2019re thinking about the filing of your dreaded self assessment tax return.<\/p>\n
You don\u2019t want to be one of the people who are late filing their self assessments<\/a> \u2013 but, should the festive fun win out, you might have your excuses ready for HMRC.<\/p>\n We\u2019ve all heard excuses for being late \u2013 but here\u2019s five brilliantly bonkers excuses that people tried to use in order to explain their tardiness to HMRC. And, yes, these are all genuine!<\/p>\n Here\u2019s a top tip from us \u2013 don\u2019t try these out on HMRC!<\/p>\n As accountants, we let our clients know which expenses are permissible to claim. Even more importantly, we can advise which expenses not<\/em> to claim.<\/p>\n HMRC has thoughtfully shared a list of expenses submitted to them that it may be best not to try and claim:<\/p>\n You won\u2019t be surprised to hear that all these excuses and expenses were unsuccessful, and rejected by HMRC.<\/p>\n Last year almost 750,000 people missed the tax return deadline \u2013 don\u2019t be one of them! Late submission means an initial automatic \u00a3100 penalty, and this increases over time.<\/p>\n If you\u2019ve already submitted your self assessment then you can sit back and enjoy all that the festive season has to offer. However, if you haven\u2019t\u2026 the 31st<\/sup> January deadline is getting ever nearer! It\u2019s best to get your return completed as early as possible. By leaving it to the last minute, you will be putting yourself under undue time pressure and stress \u2013 which can lead to costly mistakes being made.<\/p>\n Running a business takes a lot of effort and finding the time to complete a self assessment accurately can be tricky.\u00a0 At Crunchers Edinburgh<\/a> we can help you do this in a timely manner, ensuring that you claim everything that you are entitled to. Letting us take the strain means that you have extra time and energy to put into improving your business – or perhaps just more time to enjoy the magic of Christmas with your family and friends at this festive time of year.<\/p>\n5 genuine late excuses given to HMRC<\/h2>\n
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5 expenses claims you should think twice about<\/h2>\n
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Don\u2019t leave your self assessment tax return to the last minute!<\/h2>\n