self assessment deadline

smileykylie_2

Hi there, I am not from the UK so not sure about dates etc. I became self employed in Sept 2007, do i have to do a self assessment before Jan 31, or do I wait until next year (cause it seems to be a year behind from the stuff i have been looking at).

Any help would be appreciated.
thanks

skintandsad

Normally, your tax year would end April 5th each year, and your tax return is then due by the 31st January following that; ie, your tax return for year ending April 5th 2008 would be due by January 31st 2009.

However, some companies run their tax year differently so I don't know how that would work.

Assuming you run a "normal" tax year, then you are not due to do a return as yet.

Have you registered with the tax office as yet? If so they will normally send you or the person who fills in your forms the relevant forms when its due.

smileykylie_2

Phew that is a relief. thanks so much for the prompt reply.

BrunoM

Does this mean that e.g., a higher rate tax payer paying pension contributions and wanting to claim back the difference, also waits until the following year to be able to do so?

skintandsad

If you need to fill in a self assessment tax form, you can fill it and file it any time from the end of the tax year ie. 5th April, but it HAS to be in by the end of the following January or else you get penalised.

Whether you are able to claim back before the end of the tax year I am not sure??? I am sure someone who is an "expert" on tax may be able to shed some light - I'm not an expert, I just fill in the return for hubby each year

BrunoM

OK, so - say

I have paid into a pension from July 07 through to March 08,
I am a higher rate tax payer,

can I claim back any time after 5th April 08? Can I claim back before then?

If I do claim back, will I get a cheque/payment into account, or will it be applied as tax credit against future months' pay?

Any idea what the likely time-frame would be to receive, after submitting?

Thanks, if anyone knows!

Bruno