"As last-minute types rush towards the November 19 deadline extension, we look at where some people go wrong. For many workers, especially the self-employed, Halloween wasn't the scariest thing last month: it was the eerie reminder that Revenue is just around the corner, ready to pounce unless they filed their annual tax return."
"Here are the biggest mistakes people make at this time of year."
Many taxpayers rush to file ahead of the November 19 deadline extension and overlook required documentation, causing errors and penalties. Self-employed workers commonly misrecord income, omit allowable expenses, or fail to claim correct reliefs, producing inaccurate liabilities. Procrastination leads to missed registrations, neglected PAYE or VAT obligations, and failure to make preliminary tax payments. Last-minute filers often lack the funds to pay tax due or make calculation mistakes when hurriedly completing returns. Poor record-keeping and not seeking professional advice amplify risks of interest, penalties, and audits. Early preparation, accurate records, and checking credits and deadlines reduce these risks.
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