Benefits of filing your 2019 tax return early It’s the end of the financial year again so why not file your tax return early this year to save months of stress and last-minute panicking. Despite HMRC’s best efforts, taxpayers often put off completing their tax return until the January. However, this really doesn’t leave very long to file and pay any tax owed before the 31st January deadline…. Below are a few benefits of filing your tax return early: You won’t have to pay tax earlier Even if you file your tax return early with HMRC, you are only obliged to pay any tax liability by the normal due dates:
- 31st January 2020 (balance and the first payment on account- if applicable);
- 31st July 2020 (second payment on account- if applicable).