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Don't forget your tax return

As we approach 31 January it is vital that you ensure your tax return is with the authorities well before deadline date. There are concerns that, as we have seen in years gone by, more and more taxpayers will either ignore their tax returns or leave them until the very last minute. The government has introduced a number of substantial fines over the last few years and despite hope they would be fairly flexible on this front they appear more determined than ever to fine people who are even the slightest bit late with their returns.

While many are making use of the government's online tax return service this should only be taken up by those who are sure they know what they are doing because problems and errors, no matter how small or inadvertent, can cause serious problems in due course. Taking professional advice for your tax return is essential to many people and while you will have to pay for this type of service it can literally pay for itself in a matter of moments.

Don't fall into the trap of thinking that the government will ignore late returns as they have "enough on their plates" because this is just not the case and the risk of financial penalties is something you should avoid at all costs.

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