Common Tax Return Mistakes (And How to Avoid Them)
Filing your tax return doesn't have to be a nightmare, but every year, thousands of UK taxpayers make simple mistakes that cost them money, time, and unnecessary stress. At Nunns Accounting Services, we see these errors repeatedly – and the good news is they're entirely preventable.
The Top 5 Tax Return Mistakes We See Every Year
1. Missing the Self Assessment Deadline.
The 31st January deadline isn't negotiable. Miss it, and you'll face automatic penalties starting at £100, escalating to £1,600 or 5% of your tax bill - whichever is higher.
2. Incorrect Income Reporting
Many people forget to include:
- Rental income from property
- Freelance or side-hustle earnings
- Interest from savings accounts
- Dividend income from investments
3. Claiming Invalid Expenses
Not everything is tax-deductible. Common invalid claims include:
- Personal meals and entertainment
- Commuting costs to your regular workplace
- Clothing (unless it's protective workwear)
- Fines and penalties
4. Poor Record Keeping
HMRC can investigate up to 6 years back. Without proper records, you can't defend your claims or prove your income figures.
5. DIY Complex Returns
If you have multiple income sources, rental properties, or run a business, attempting a DIY return often leads to costly mistakes.
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