Every year, over a quarter of people due to file a Self-Assessment tax return complete it in the final 4 days before the 31st January deadline

And 5% of returns are filed in the final 24 hours.

However, leaving it to the last minute isn’t really wise as you never know what may come up to prevent you from completing it in time.

With an instant fine of £100 if you miss the deadline, and daily fines of £10 (for up to 90 days) if you haven’t filed by 30th April – there are plenty of financial incentives not to be late.

Besides the obvious problems shown above, here at The Hollies Bookkeeping Services in Shropshire know there are a few more very persuasive reasons why you should complete your Self-Assessment before the Christmas holidays.