Buzz People

'Act now' warning over tax returns

People required to complete a self-assessment tax return must act now as the deadline is looming, accountants have said.
Nearly 12 million people, primarily those with more than one source of income and the self-employed, are required to complete returns.
The deadline for online filing is the end of January, but those filing for the first time need to act earlier.
They will need a taxpayer reference, which is sent through the post.
Those using the system for the first time, or who have lost the details, need to contact HM Revenue and Customs (HMRC). The tax authority sends a copy of the reference, or activation code, by mail.
Chas Roy-Chowdhury, head of taxation at the ACCA accountancy body, said that the system had proved to be a sensible way to fight fraud, but it did require people to take action well before the deadline.
Register Now