Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2022 11 27T150311Z 1 LYNXMPEIAQ066 RTROPTP 4 CHRISTMAS SEASON CZECH - Business Express
A Christmas tree is illuminated as the traditional Christmas market opens at the Old Town Square in Prague, Czech Republic, November 26, 2022. REUTERS/David W Cerny

Avoid a chaotic Christmas, sort your Self Assessment tax return as soon as possible


Lee Murphy, managing director at The Accountancy Partnership, said “Christmas is one of the few times of year where business slows down for almost everyone one, giving the nation an opportunity to switch off and spend time with family and friends. But with the Self Assessment deadline just around the corner, we suggest entrepreneurs file their paperwork as soon as possible to avoid entering the new year on the back foot.

“Last year, more than 31,000 people filed their Self Assessment tax return between Christmas Eve and Boxing Day, with 2,828 people submitting their Self Assessment tax return on Christmas day itself!

“As the 31st January deadline approaches, it is important that people make sure they are submitting on time, but this doesn’t have to come at the expense of your Christmas break.

“The ongoing economic challenges are making running a business challenging. Ticking off another task on the to do list before finishing for Christmas will ease your new year workload. Our research showed that more than half (52%) of entrepreneurs said owning a business was more challenging than they expected. Whilst not everyone celebrates Christmas or has the opportunity to switch-off completely, the bank holidays across the period give most people the chance to take a well-deserved break.

“If you’re planning to get the help of an accountant to complete your Self Assessment, don’t leave it until the last minute. This is a very busy time for the industry, and there’s no guarantees they can fit you in before it’s too late.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

“Submitting your return as soon as possible means you’ll receive any tax refund sooner, too, and it gives you more time to prepare, and avoid any late filing fines.

“Remember, the date you submit your Self Assessment doesn’t affect the payment deadline. Filing ahead of time simply gives you more time to budget for your tax bill which is very important as the cost-of-living crisis continues.

“Here’s a simple checklist of what you’ll need to submit your Self Assessment:

  • The details of any employment for the last tax year.
  • Any self-employment activities, including profit and loss figures.
  • Pension income or taxable lump sums received in the tax year.
  • Investments, capital gains and other income.

“Do yourself a favour this Christmas and avoid one extra worry.

Recent Post: