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Tax Chat – Remember remember… your tax return !

Tax Chat – Remember remember… your tax return !

Get your tax return sorted before Christmas, not only does this get an unpleasant job off your to do list it can be of real benefit to your tax position.  For example, where your tax bill for 2012/13 does not exceed £3,000 you can opt to have your tax liability adjusted through your PAYE tax code so you don’t have anything to pay in January, in essence a tax free loan from HMRC.

To qualify you must file your tax return with HMRC before 30 December 2013 so if you wait until the New Year you won’t have this option.

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