Do you know the penalty of missing a tax return deadline?

Do you know the penalty of missing a tax return deadline?

With the impending Self Assessment tax return deadline approaching, Heather Dore, Regional Manager of Easy Accountancy answers some crucial and commonly asked tax return questions from her clients who are self-employed or higher income parents.

My partner and I have two children and we both work full-time earning over £50,000 a year. We receive child benefit and so I understand that we need to complete a tax return. As we are both earning over the threshold do we both need to complete a tax return?