New Tax Return filing dates proposed

You may have noticed in the national press recently that Lord Carter of Coles in a review set up by the Government recommended that consideration should be given to reducing the filing periods for income tax self assessment and company tax returns. This is apparently to bring them closer to those imposed in other countries.

The specific recommendation for the self employed and self assessment tax payers is that the filing period for paper returns should be reduced to six months making a new deadline of 30 September.

Additionally the period during which HM Revenue & Customs can raise queries into tax returns would be linked to the date the return is submitted so this would also come forward.