Beat the HMRC Deadline

Whilst time may still be on your side, filing your Self-Assessment Tax Return earlier can give you several advantages whilst providing peace of mind and allowing you to focus on different aspects of your business. 

Dispelling the Myth: There is a common misconception that filing your self-assessment Tax Return early means you must immediately settle your tax bill. This is not the case!

Haines Watts are here to help and I would like to share some of the benefits of early filing with you:

• Planning: find out what you owe for the 2023/2024 tax year as soon as you have filed, for more accurate financial planning and allowing you to discuss tax planning ideas with your advisors to optimise your tax situation and keep on top of any challenges.
  
• Budgeting: spread the cost of your tax bill with weekly or monthly payments using HMRC’s Budget Payment Plan or a Time to Pay plan, if you need payment options.
  
• Refund: Check if you’re due a refund sooner, allowing you to reinvest your income where it counts.
  
• Beat the January rush: avoid the last-minute stress of late filing and take control of your financial affairs. This helps prevent delays in contacting HMRC and obtaining information from third-party companies.

At Haines Watts, we understand the complexities of the tax landscape and our experts are committed to assisting people and business owners like you. 

If you require personalised assistance, our experienced team is ready to review your current position and advise you on how to take advantage of potential reliefs and tax-saving opportunities specific to you, or your business. 

Contact your local Haines Watts East Midlands office today, to arrange a free no obligation appointment to discuss the difference that tailored tax planning can make for you.

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