Last year, nearly 750,000 people missed the deadline for filing their tax return – potentially having to pay a £100 fine. Moreover, just over 30,000 filed in the final hour.
One of the dangers of leaving it to the last minute is that you increase the likelihood of overpaying tax. Taking advantage of all the available tax reliefs can be time-consuming, and a financial adviser and accountant can often end up more than covering their costs in helping you.
If you have not yet filed this year’s returns, here are some things to consider.