Self Assessment Personal Tax returns due 31 January 2017

Don't miss the HMRC deadline or penalities will apply


Self assessment personal tax returns due by 31 January 2017

HM Revenue and Customs (HMRC) must receive your tax return and any money you owe by the deadline. The last tax year started on 6 April 2015 and ended on 5 April 2016. The deadline for paper self assessment tax returns has now passed (31 October 2016) and therefore all online tax returns must be submitted by midnight on 31 January 2017. You must also pay any tax you owe by midnight on 31 January 2017.


Earlier submission deadline if you'd like tax due paid through your PAYE tax code

You can pay your Self Assessment bill through your PAYE tax code as long as all these apply:

  • you owe less than £3,000 on your tax bill
  • you already pay tax through PAYE, eg you’re an employee or you get a company pension
  • you submitted your paper tax return by 31 October or your online tax return online by 30 December 2016


Penalities will apply if you miss the 31 January 2017 deadline

After 31 January 2017 automatic late filing penalties will apply. The minimum penalty you would pay is £100, but this will increase as follows:

  • 3 months late – a daily penalty of £10 per day up to 90 days, a maximum £900
  • 6 months late – 5% of tax due or £300 if greater
  • 12 months late – a further 5% of tax due or £300 if greater, unless tax payer is deemed to be withholding information in which case
  • 12 months late and taxpayer withholding information – between 70% or 100% of tax due, or £300 if greater.

Avoid penalties by submitting return and paying tax by the deadline 

Pay any tax due by 31 January 2017

Unfortunately, on the same date, 31 January 2017, you will need to settle any outstanding tax owed for 2015-16 and make a payment on account for 2016-17. Again, if you are late making these payments further penalties and interest will be charged.


Claiming a tax refund

One final point. It is, of course, entirely possible that you may have overpaid tax for 2015-16. If this is the case, the argument to file sooner rather than later is a no-brainer: why would you leave your cash in the Treasury’s coffers for longer than you need to?

According to HMRC you may be due a tax refund if you:

  • are employed and had too much tax taken from your pay
  • have stopped work
  • sent a tax return and paid too much tax
  • have paid too much tax on pension payments
  • bought a life annuity

Remember to submit your tax return by the deadline 31 January 2017You may also be able to reclaim tax:

  • if you have paid tax on savings interest and you are on a low income
  • if you live in one country and have income in another - how you do this depends on whether you’re a UK resident with foreign income or a non-resident with UK income

Certain sub-contractors in the building trade, who are self-employed but still have tax stopped from their wages, will also, in most cases, have overpaid tax.


We can complete and submit your tax return for you

Readers who are concerned they have overpaid tax should contact HMRC or we can help if this line of approach is proving to be problematic.

For more information, guidance and assistance with your personal tax return, contact the team at New Forest Tax Accountants, now based in Queen Street, Lymington. We can complete and submit your tax return on your behalf - but please do get in touch soon as the clock is ticking!

We are open as normal, Monday-Friday, over the Christmas and New Year holidays, except bank holidays.

NFTA square logo 250


What's on in and around Lymington during Half Term
22 May 2017

what’s on in Lymington and the New Forest Things to do locally over the half term week For those of us not jetting off to sunnier climes, there are lots of exciting things happening in Lymington, the New Forest and surrounding areas this half t [ ... ]

New Official Verderer for the New Forest
19 May 2017

New Official Verderer for the New Forest Lord Manners takes the helM as Official Verderer The New Forest Verderers have welcomed a new leader following the retirement of Dominic May, who has held the post for the past six years. The new O [ ... ]

Curious Arts Festival and Coda Music Trust announc...
16 May 2017

CURIOUS ARTS FESTIVAL AND CODA MUSIC TRUST ANNOUNCE PARTNERSHIP Local festival to support innovative music charity over the next three years. Curious Arts Festival has announced a three year partnership with local music charity Coda Music Trust, wh [ ... ]

100 Years of Musicals at Lymington Carnival
16 May 2017

100 Years of MusicALS at Lymington Carnival Headline sponsor, Colten Care, set for a supercalifragilisticexpialidocious day!   Organisers of this summer’s Lymington Carnival and Fete have welcomed a boost to their ‘centenary of music’ t [ ... ]

Town Council Matters News and Events
12 May 2017

TOWN COUNCIL MATTERS All the latest News from Lymington And Pennington Town Council   Lymington and Pennington Town Council Responsibilities  The aim of our Town Council is to work towards improving community well being and providing  [ ... ]

Personal Tax Planning in 2017-2018
04 May 2017

Personal Tax Planning in 2017/18 Review your tax affairs and take advantage of all available allowances The new tax year brings a number of important changes and we strongly recommend that you review your tax affairs to make sure that you are takin [ ... ]

Therapies, Classes and Talks at The Natural Health...
20 Apr 2017

Therapies, Classes and Talks At The Natural Health Hub New complementary health centre opening in Lymington this May Exciting news! A new complementary health centre is now open, just off the High Street in Lymington. The Natural Health Hub will o [ ... ]

Excellent water quality ratings for New Forest and Milford beachesExcellent water quality ratings for New Forest and...
11 Apr 2017

Excellent water quality ratings for New Forest and Milford beaches Visitors to our local beaches are enjoying water of the very highest quality according to a nationwide scientific study. The two main beaches along the New Forest National Park's 26  [ ... ]

Winning the Roux scholarship changed the life of l...
11 Apr 2017

Winning the Roux Scholarship changed the life of local Head chef Matt Tomkinson of the montagu arms reflects on his achievement
Who will be the 34th Roux scholar? This week a young chef will hear the life-changing news that they are to become th [ ... ]

Why you should complete your tax return now!
05 Apr 2017

Why you should complete your tax return now! there is no better time to COMPLETE your personal tax return. Tempting as it is to finish the 2016/17 tax year by 'filing' your paperwork and receipts in a large envelope labelled 'January', there are ma [ ... ]

The New Forest Open Art Competition 2017 is now op...
30 Mar 2017

New Forest Open Art Competition 2017 is now open! Submission due by 2nd and 3rd July to New Forest Centre in Lyndhurst.   With its stunning landscape, picture postcard views and magnificent wildlife, the New Forest is an environment like no [ ... ]

Oakhaven launches Forget-Me-Not AppealOakhaven launches Forget-Me-Not Appeal
28 Mar 2017

“Forget-Me-Not Appeal” launched by Oakhaven   Oakhaven Hospice have launched a “Forget-Me-Not Appeal” in celebration of reaching their 25th Anniversary. Beautiful, hand-crafted, limited edition ceramic Forget-Me-Nots will create a sea  [ ... ]

Your photograph could feature on
12 Jan 2017

Your photograph could feature on Take a seasonal landscape image around Lymington and the New Forest and it could feature in our weekly 'What's On' Newsletter.   Here at we're delighted when our readers send us pho [ ... ]

Nourish by força serve 2000th meal to cancer patie...
27 Oct 2016

força strength against cancer nourish chemotherapy patients with 2000th meal. Lymington charity continues to help people living with cancer throughout the local area.   Lymington charity, força - strength against cancer, has now served [ ... ]

Make an elephant for the Enormous Elephant Art Exh...
14 Oct 2016

Make an elephant for the Enormous Elephant Art Exhibition. Join the herd of table-top elephants! Help save elephants from extinction.   An exhibition to promote awareness of the plight of elephants is being held in Lyndhurst during the last w [ ... ]

Farewell to popular Lymington Hospital radio prese...
16 Sep 2016

Farewell to popular Lymington Hospital radio presenter. Hospital volunteers, care home residents and staff thank Mike Robinson. Care home residents and staff joined volunteers from Lymington New Forest Hospital to bid farewell to a popular presente [ ... ]

Arts Council investment boosts plans to transform ...
07 Sep 2016

Arts Council investment boosts plans to transform St Barbe Museum and Art Gallery in Lymington. St Barbe due to close on 10th September for building work to begin.   MultiI-million-pound plans to turn Lymington's St Barbe Museum and Art Galle [ ... ]

New Forest Marathon 2016 route and road closures
07 Sep 2016

New Forest Marathon 2016 route and road closures. Useful information for Sunday 11th September.   Many of us are planning to cheer on the runners this Sunday. The New Forest Marathon, Half Marathon and other races now start and finish at New  [ ... ]

Go to top