Don't miss today's tax deadline
If you haven't filed your tax return online before, you must register with HMRC by January 21.
Taxpayers who are filing their tax return for the first time online, have until Friday 21 January to register with HMRC's online services.
The final deadline for filing tax returns is midnight on 31 January, however if you intend to do so online, you need to first register on the revenue's website.
"Once registered you will be sent a code to activate your account," explains Andrew Shaw, a tax partner at accountant Kingston Smith. "This is sent to your home address and may take up to seven working days to arrive. So it is important to register as soon as possible."
In order to register you will need your unique taxpayer reference (UTR) and either your national insurance number or postcode. You can find your UTR on any correspondence you have from HMRC. Alternatively you can have it posted to you, but again this needs to be factored into your timings.
The fine for returning a personal tax return late is £100.
Watch Moneywise TV's episode on how to fill in your tax return
A scheme originally established in 1944 to provide protection against sickness and unemployment as well as helping fund the National Health Service (NHS) and state benefits. NI contributions are compulsory and based on a person’s earnings above a certain threshold. There are several classes of NI, but which one an individual pays depends on whether they are employed, self-employed, unemployed or an employer. Payment of Class 1 contributions by employees gives them entitlement to the basic state pension, the additional state pension, jobseeker’s allowance, employment and support allowance, maternity allowance and bereavement benefits. From April 2016, to qualify for the full state pension, individuals will need 35 years’ of NI contributions.