Hopefully, we have all, here in the UK, filed our Tax Return. Either in paper form by last 31st October, or online by this Monday 31st January!
However, what if you realise that you had made a mistake or omission? This can have greatly influenced the amount of tax (and if self-employed in business the extra bonus 8% tax called class 4 national insurance for being self-employed!)payable?
No problemo, you are able to go online and modify the tax return without any difficulty, and the tax will be re-computed!
This facility is also useful if you were obliged at the time to submit estimated information (and hopefully ticked that little box). You can put in the actual data and confirm no estimates are involved.
Again, never forget to download a copy of your return (the pdf one is the best and most life-life looking option) for your records!
