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Is it better to do my Tax Return as soon as the tax year finishes, or wait?

You will save yourself a huge amount of headaches and sleepless nights worrying if you do it sooner rather than later. There’s nothing to be gained by leaving it until the last minute – and it certainly won’t delay the date on which you have to actually pay the tax.

Leaving your tax return until the last minute not only causes more headaches and stress as the deadline approaches, but it also leaves you in a situation where there will also be no time to correct mistakes, or to ask for help if you have any problems. Which is why we would always encourage you to complete your Tax Return as soon after April 5th as possible. If you miss the final deadline then you could face a £100 fine, and if you don’t pay your tax bill by the correct date, you could start paying further penalties and even interest charges.