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HM Accountax Ltd
HM Accountax Ltd, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 136
Experience:  I am an accountancy professional with more than10 years hand on experience in audit, accountancy and tax affairs.
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Can I update/ amend 18-19 tax return now online? And add any

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Hi,Can I update/ amend 18-19 tax return now online ? And add any new income type like “foreign income “ ? Do I pay any penalty ?

Hi,

I am an advisor at Just Answer and i am happy to answer your query.

I am looking into your query and come back to you shortly.

Regards

HM Accountax

Customer: replied 3 days ago.
Just to add on my question, I am UK resident

Thanks for your message.

Yes, you can amend the tax return online till 31.01.2021 and you can add foreign income. In reason for amendment just mention that you forgot to include foreign income and it should be fine. Hopefully, there won't be any penalties.

for further reading: https://www.gov.uk/self-assessment-tax-returns/corrections

I hope it answers the question.

Regards

HM Accountax

Customer: replied 3 days ago.
Thank you for your reply. They do not ask any reason when we amend. Do they ?

They do no normally ask but i'll suggest that you include the reason in other information box.

Customer: replied 3 days ago.
I understand. Thank you for your reply. What sort of chances that they would include the penalty? I know I have to pay interest.

I haven't heard anyone getting penalised for amending the tax returns.

Customer: replied 3 days ago.
Perfect. Thank you.

My pleasure, please rate the response so that we can close the query

HM Accountax Ltd and other Tax Specialists are ready to help you