Interim managers are being reminded of the self-assessment tax deadline for the tax year 2008/09 with a warning that they need to be more prompt than ever.
With the October 31 deadline just a few weeks away, the Association of Chartered Certified Accountants (ACCA) says it is always risky to put off filing until the last minute.
Chas Roy-Chowdhury, head of taxation, ACCA, went on to explain that the regularity of postal strikes, and difficulties in obtaining HMRC forms through the Income Tax help line, interims and other taxpayers who want to avoid a fine this year should send their return in as soon as possible.
He went on to say that HMRC would not be issuing the single sheet return form P810 (T) this year.
The tens of thousands who would usually receive this form should send a letter to their tax office with details of income, interest and dividends.
It is also worth remembering that interest rates and dividend payments have fallen dramatically in the return period 2008/09, so taxpayers will need to send this letter or their paye code may result in too much tax being paid.
In addition, with just under a month until the deadline, taxpayers will need to send off forms soon if they want assurance that HM Revenue & Customs will calculate the tax for them.
However, Roy-Chowdhury urged interims not to panic if they won't be able to send it in time as they have until January 31, 2010 if they register on line.