Tax Deductions Every Freelancer Should Know
Discover essential tax deductions for freelancers in 2025. Maximise earnings, minimise tax liabilities, and stay compliant with expert tips from DNS Accountants.
Filing a tax return can often feel stressful, especially as the January 31st deadline approaches.
Understanding the timeline for your tax return is important for effective financial planning. The processing time can vary based on several factors, including your filing method and the complexity of your finances.
It’s also essential to consider peak periods, such as the self assessment deadline on January 31 and tax credit renewals by July 31, when processing times may be extended due to increased volume.
In this blog, we’ll explore the average processing times for different types of tax returns. Therefore, when asking how long should tax refund take, it's important to factor in these variables to set realistic expectations about when you might receive your money.
Filing Method: The method you choose to file your tax return importantly impacts processing time.
Complexity of the Return: Simple tax returns with easy income sources and deductions are processed more quickly.
Accuracy of Information: Providing accurate and complete information is important.
Volume of Returns: During peak tax season, the volume of returns submitted can be huge processing systems, resulting in longer wait times..
Refund Method: The method you choose to receive your refund also affects timing.
The time required to process a self assessment tax return depends on how the return is filed and the time of year. Below are the general timeframes for self assessment tax returns:
Online Tax Returns: If you file your self assessment tax return online, you can typically expect processing to take about 1 to 2 weeks. This method is generally faster and allows for quicker refunds, often arriving within 5 to 10 working days after processing.
Paper Tax Returns: For those who prefer to file using paper forms, the process can take importantly longer, usually around 6 to 12 weeks. This delay is due to the manual processing involved by HMRC staff.
The time it takes to receive a tax refund can vary based on several factors, but generally, you can expect different timelines depending on how you file your return. If you file your tax return online, refunds are typically processed much faster, usually within 21 days.
If you file a paper return, the process can take importantly longer. Paper returns may take six to eight weeks or even longer to process due to manual handling and verification. Additionally, if there are any errors or missing information in your return, it can lead to further delays.
It's also important to consider peak tax season, which can affect processing times. During this busy period, refunds may take longer than usual. If you're wondering how long should tax refund take, remember that online submissions are faster, while paper submissions require more time.
Checking the status of your tax refund with HMRC is easy and can be done through several methods. Here’s a detailed breakdown of how to effectively check your tax refund:
Visit the HMRC Website: Start by navigating to the official HMRC website. Look for the “Where’s My Refund?” tool, which allows you to check the status of your refund online. This tool provides real-time updates on your tax refund status and is user-friendly.
Use the HMRC App: Download the HMRC app available for both Android and Apple devices. Once you’ve logged in, go to the Pay As You Earn (PAYE) section. Here, you can view a summary of your tax information, including any potential refunds. The app also allows you to claim your refund directly, which is faster than waiting for a postal claim.
Call HMRC Directly: If you prefer to speak with someone, call HMRC. Be prepared to provide your name, address, and tax reference number for verification.
Check Your P800 Letter: If you are due a refund, you will receive a P800 letter from HMRC after the end of the tax year in April. This letter outlines your refund amount and provides instructions on how to claim it. Typically, P800 letters are sent out around September.
By following these steps, you can easily check the status of your tax refund with HMRC and ensure that you receive any funds owed to you correctly.
Check if HMRC has received your return via your online account or by calling their helpline.
Online submissions typically take 21 days, while paper returns can take up to six weeks or longer.
If your return is delayed beyond the usual timeframe, reach out to HMRC for status updates.
Ensure there are no mistakes in your return, such as incorrect personal information or missing documents.
If you have a valid reason for the delay, you can appeal any late filing penalties.
Submit evidence of your reasonable excuse within 30 days of receiving a penalty notice.
Keep updated with HMRC communications to avoid future delays.
Understanding the timeline for your tax return is important for effective financial planning. When you file your tax return, the processing time can vary based on how you submit it. If you choose to file online, you can typically expect your return to be processed within 21 days.
Paper returns take importantly longer to process, usually between six to eight weeks. This delay is due to the manual handling of paper documents by HMRC staff. If you are wondering how long should tax refund take, paper returns take considerably longer to process, usually between six to eight weeks.
It’s also important to consider peak tax periods, such as the self assessment deadline on January 31 and tax credit renewals by July 31. During these times, processing may take longer due to increased volume. If you're eager to find out about your refund, you might wonder how to check my tax refund. By staying informed about your tax return timeline and knowing how to check your tax refund, you can better manage your finances and expectations.
If you’re looking for an accountant to help you understand how long self assessment tax returns take, dns accountants are your ideal partner. We provide expert guidance throughout the process, ensuring timely submissions and keeping you informed every step of the way, so you can focus on your business.
Avoid penalties by filing early and accurately, and don’t hesitate to reach out for professional assistance to navigate this busy season effectively. For professional help suited to your needs, call us at 033 0088 3616, email contact@dnsaccountants.co.uk at or book a free consultation for expert assistance customised to your needs.