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Self Assessment tax return deadline looms, BDO warns

The cost of living crisis has prompted many people to seek alternative sources of income through ‘side hustles’ or freelance work and who will need to declare extra earnings via their tax return

Taxpayers needing to register for self assessment for the first time will need to do so by 5 October or they increase their risk of incurring late filing penalties, accountancy and business advisory firm BDO has warned.

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