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  • Shepherd Partnership

Benefits of doing your tax return now

The self-assessment tax return deadline falls on the 31st of January every year, but there are a number of benefits to be had if you file before the deadline date!

  • submitting your tax return now does not mean you pay now — when you submit your tax return, you’ll know how much you need to pay, so you can plan your finances and cash flow better — this might mean you can book a holiday, make an investment or it may mean you have to save for your tax bill

  • your tax return provides you with proof of income — you’ll need this if you apply for a mortgage, loan, or if you need to access certain benefits and schemes such as Tax-Free Childcare

  • you can claim a refund faster — if you’re due one

  • knowing what you owe, might mean you can reduce your payments on account if your tax bill is lower than forecast

  • you’ll avoid any chance of getting a penalty for submitting your tax return late, so do it now and get it out of the way

  • beat the rush — HMRC’s busiest time is January so if something goes wrong and you need to contact them, you might find it hard to get through

  • peace of mind — so you can get on with the important things in your life

We're always happy (ecstatic, in fact!) to help file tax returns before the January deadline. Please don't hesitate to ask for our assistance.

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