Self Assessment Personal Tax returns due 31 January 2017

Don't miss the HMRC deadline or penalities will apply


Self assessment personal tax returns due by 31 January 2017

HM Revenue and Customs (HMRC) must receive your tax return and any money you owe by the deadline. The last tax year started on 6 April 2015 and ended on 5 April 2016. The deadline for paper self assessment tax returns has now passed (31 October 2016) and therefore all online tax returns must be submitted by midnight on 31 January 2017. You must also pay any tax you owe by midnight on 31 January 2017.


Earlier submission deadline if you'd like tax due paid through your PAYE tax code

You can pay your Self Assessment bill through your PAYE tax code as long as all these apply:

  • you owe less than £3,000 on your tax bill
  • you already pay tax through PAYE, eg you’re an employee or you get a company pension
  • you submitted your paper tax return by 31 October or your online tax return online by 30 December 2016


Penalities will apply if you miss the 31 January 2017 deadline

After 31 January 2017 automatic late filing penalties will apply. The minimum penalty you would pay is £100, but this will increase as follows:

  • 3 months late – a daily penalty of £10 per day up to 90 days, a maximum £900
  • 6 months late – 5% of tax due or £300 if greater
  • 12 months late – a further 5% of tax due or £300 if greater, unless tax payer is deemed to be withholding information in which case
  • 12 months late and taxpayer withholding information – between 70% or 100% of tax due, or £300 if greater.

Avoid penalties by submitting return and paying tax by the deadline 

Pay any tax due by 31 January 2017

Unfortunately, on the same date, 31 January 2017, you will need to settle any outstanding tax owed for 2015-16 and make a payment on account for 2016-17. Again, if you are late making these payments further penalties and interest will be charged.


Claiming a tax refund

One final point. It is, of course, entirely possible that you may have overpaid tax for 2015-16. If this is the case, the argument to file sooner rather than later is a no-brainer: why would you leave your cash in the Treasury’s coffers for longer than you need to?

According to HMRC you may be due a tax refund if you:

  • are employed and had too much tax taken from your pay
  • have stopped work
  • sent a tax return and paid too much tax
  • have paid too much tax on pension payments
  • bought a life annuity

Remember to submit your tax return by the deadline 31 January 2017You may also be able to reclaim tax:

  • if you have paid tax on savings interest and you are on a low income
  • if you live in one country and have income in another - how you do this depends on whether you’re a UK resident with foreign income or a non-resident with UK income

Certain sub-contractors in the building trade, who are self-employed but still have tax stopped from their wages, will also, in most cases, have overpaid tax.


We can complete and submit your tax return for you

Readers who are concerned they have overpaid tax should contact HMRC or we can help if this line of approach is proving to be problematic.

For more information, guidance and assistance with your personal tax return, contact the team at New Forest Tax Accountants, now based in Queen Street, Lymington. We can complete and submit your tax return on your behalf - but please do get in touch soon as the clock is ticking!

We are open as normal, Monday-Friday, over the Christmas and New Year holidays, except bank holidays.

NFTA square logo 250


Celebrate World Vegan Month at Careys Manor
20 Oct 2017

Celebrate World Vegan Month at Careys Manor. Enjoy lunch, dinner and afternoon tea in the heart of the New Forest.   More than half a million people in Britain are now vegans, but eating out can be a tough challenge for those on a s [ ... ]

Christmas in Lymington - key dates
19 Oct 2017

Christmas in Lymington: key dates for 2017. Events, carols, fairs, markets and other festivities in and around Lymington.  Your definitive guide to Christmas in Lymington, Pennington and surrounding areas in and around the New Forest. If you k [ ... ]

Vote for Lymington in the Great British Market Awa...
19 Oct 2017

Vote for Lymington in the Great British Market Awards! Let's put Lymington Charter Market on the national stage - vote by 30th November!   The Great British Market Awards 2018 have been launched! This is a fantastic opportunity for us all  [ ... ]

holiday-childcare-lymington Holiday childcare in and around Lymington
16 Oct 2017

Looking for childcare in Lymington over the holidays? School holidays are great! Except when you have to work. updated 16 October 2017   Finding things for the children to do whilst you are working can be a real chore. In a bid to try and ma [ ... ]

October Half Term: What's on in Lymington and the ...
16 Oct 2017

October Half Term in and around Lymington and the New Forest There are lots of exciting things happening locally over the Autumn half term. Here is a your guide of things to do with the children in and around Lymington and the New Forest. Take a  [ ... ]

Careys Manor Hotel in New Forest scoops top food a...
16 Oct 2017

Careys Manor Hotel scoops top food award. Cambium Restaurant named Hotel Restaurant of the Year in the Food Awards England 2017.   The Cambium restaurant at Careys Manor Hotel in Brockenhurst, New Forest, has been named 'Hotel Restaurant of t [ ... ]

Lymington grown pumpkin heaviest in the UK!
15 Oct 2017

Lymington grown pumpkin breaks UK record!  Paton brothers smash their previous UK record by 15lbs   This weekend saw the return of the Autumn Pumpkin Festival to Royal Victoria Country Park in Netley near the New Forest, hosted by the  [ ... ]

Ping pong and chess: keep your mind and body activ...
12 Oct 2017

Keep your mind and body active in Lymington. Table tennis tables and chess table unveiled in Lymington's parks.   Following the opening of the new Outdoor Gym in Woodside Gardens, Lymington and Pennington Town Council have now completed two [ ... ]

Lymington had a blooming good summer!
12 Oct 2017

Lymington had a blooming good summer! Lymington and Pennington decorated with South and South East in Bloom Awards    We're fortunate in Lymington to be blessed with wonderful parks, gardens and Pennington Common. This summer, Lym [ ... ]

Firework Displays in Lymington and New Forest
10 Oct 2017

Firework Displays in Lymington and the New Forest. Gunpowder, treason and plot! 2017 Bonfire night in Lymington and the New Forest.   Sunday 5 November in East Boldre. This year, the Bonfire Night party at the East Boldre Old [ ... ]

Lymington Rowing Club smash River Thames World Rec...
08 Oct 2017

Lymington Rowing Club smash River Thames World Record! Dave Mans and Rob Maltby rowed the 167 mile length of the River Thames in just over 30 hours! Lymington Rowing Club's pair, Dave Mans and Rob Maltby, are now the proud holders of the World Reco [ ... ]

Look out for Portuguese man o'war at Milford and N...
07 Oct 2017

Look out for Portugeuse man o'war on South Coast beaches. Take care on the beach and report any sightings to the Marine Conservation Society.   This Autumn, beaches across the South of England, including Milford-on-Sea, have been invaded by d [ ... ]

Lymington's Sports Ground Pavilion opened by Mayor
05 Oct 2017

Lymington's Sports Ground Pavilion opened by Mayor. Newly refurbished home of Lymington Cricket Club and Lymington Town Football Club completed.  
Lymington Sports Ground Pavilion was officially opened on the 22nd September by the Town Mayor, [ ... ]

47 years of service - and still counting!
04 Oct 2017

47 years of service – and still counting! Careys Manor’s longest-serving member of staff has clocked up 47 years at the historic country house hotel in the New Forest.   Anna White, 79, from Totton, joined the company in 1970. She is now  [ ... ]

Lymington's Natural Health Hub is a Venus Award fi...
26 Sep 2017

Lymington's Natural Health Hub is a Venus Award finalist! Worthy recognition for Lymington's new centre of complementary health   We’re delighted to announce that Lymington's Natural Health Hub has reached the finals of the 2017&n [ ... ]

Royal Oak Downton historic coaching inn to modern ...
25 Sep 2017

From historic coaching inn to modern pub - THE ROYAL OAK at DOWNTON. Serving the needs of all and offering great value to locals and visitors alike. The Royal Oak at Downton is a local pub with everything: a wide range of ales and wines, cosy  [ ... ]

Yoga for all - benefits and classes Yoga benefits types and classes in Lymington and t...
14 Sep 2017

YOGA offers so many health benefits - "it SHOULD BE ON THE NHS!"   Your guide to the benefits of yoga, different types of yoga, and some of the yoga classes available in Lymington and the New Forest Yoga is becoming SO popular and for so ma [ ... ]

New Forest drifts: 2017 dates and where to avoid
14 Sep 2017

Drifts in the New Forest National Park. Dates and locations to avoid due to pony round-ups.   The​ ​Drift​ ​(or​ ​Round​ ​up) is​ ​an​ ​annual​ ​tradition​ ​that​ ​is​ ​carried​ ​out​ ​in​ ​ [ ... ]

Go to top