Tuesday, 6 May 2025

Tuesday top tip - do your tax return

 We're already a month into the new tax year. This is the perfect time to send in your return (if you're required to do so). You need to do one if you earn more than £1,000 from your writing. That's income not profit.

I know it's not a fun thing, but it won't get easier or more enjoyable if you put it off until the last minute. Doing it early saves stress, and means that if you discover there's something missing from your records you have time to sort it out without risking a fine for being late.

In case you didn't realise, the date you send in your return has no impact on when you have to pay.

NB the above applies to the UK - other countries may have different rules.

6 comments:

Alex J. Cavanaugh said...

We filed ours over a month ago as it's due April 15, although most states now allow a two week or more grace period.

ados123 said...

Did mine yesterday!
Alyson

Marguerite said...

In the process of gathering - for the first time! Good timely reminder :)

J Lenni Dorner said...

Yeah, in the US, that was last month. But thanks for looking out.

“As full of spirit as the month of May, and as gorgeous as the sun in Midsummer.” – Shakespeare #quote

J Lenni Dorner (he/him 👨🏽 or 🧑🏽 they/them) ~ Speculative Fiction & Reference Author and Co-host of the April Blogging #AtoZchallenge

Marian said...

Thanks for the reminder! I’m going to get mine done early this year.

Sheelagh said...

Thanks Patsy