The 10 most common online Self-Assessment issues
7th Dec 2016
Business | Tax
The deadline of the 31st January 2017 is fast approaching for filing 2015/16 Self Assessments online, thousands will probably file late and 50% will leave filing until January.
Here are 10 of the most common problems, issues and errors that come up.
1. Not leaving enough time to register for Self-Assessment –It can take 20 working days (4 weeks) to complete the registration process, then for online returns, allow 10 working days (21 if you are abroad) to register because HM Revenue and Customs (HMRC) posts you an activation code.
2. Lost Login details –Your account will be locked for 2 hours if you enter the wrong User ID or Password 3 times. If you’ve lost both your User ID and Password: l Individuals in self-assessment can request new ones (allow 7 days to get them by post) or sign up at www .signin.service.gov .uk/start. l Contact HMRC for all other online services
3. Leaving it too late to get help – If you need help from us don’t leave it too late.
4. Failing to complete all the parts of the return – For example leaving out PAYE information.
5. Failing to press ‘submit’ – you would be surprised how many people complete the return and then stop without submitting or leave submission and then forget to do it.
6. Missing out details of your Pension Provider .
7 . Failing to check the calculation – Most people do a rough calculation of what they owe but fail to check the HMRC calculation only to find out they have made a mistake.
8. Using invalid characters such as # ‘ ” in boxes where these are not allowed
9. Not paying the tax they owe by 31st January.
10. Failing to explain where estimates and provisional sums have been used.