E&Y warns on tax return deadline
As its top tax tip for the New Year, Ernst & Young says taxpayers should make their annual 31 January tax return their main priority.
Returns for 2002/2003 are due in by this date, and relate to income from 6 April 2002 to 5 April 2003.
The firm also encourages taxpayers to register to fill in their returns online, but warns that getting a pin number can take up to seven days.
Once the tax return is out of the way, E&Y says its then a good idea to work out how much you owe so ‘you don’t get tempted to spend it all at the January sales’.
The firm also advises taxpayers: