Complete Your Self Assessment Tax Return by 31st Jan

The deadline to submit your return and to pay any tax you owe is 31‌‌ ‌January 2022. But you don’t have to wait until January – you can file your return now and then know how much tax you need to pay
Complete your return now
Go to your ‘Self Assessment’ online account. Please remember to click ‘submit’, so the progress bar shows 100%.
Completing your return now will:
• give yourself peace of mind and get it out of the way   • find out how much you owe – this can help you budget and plan for your January payment.
If you can’t pay in full
HMRC know that many tax payers are facing financial difficulties due to the coronavirus (COVID-19) pandemic. If you can’t pay in full by 31‌‌ ‌January 2022, they may be able to help by arranging an affordable payment plan. If you owe less than £30,000, you may be able to do this online without speaking to HMRC.  Go to GOV.‌‌UK and search ‘HMRC payment plan’.  
COVID-19 support schemes
This year, you’ll also have to declare if you received any grants or payments from COVID-19 support schemes up to 5‌‌ ‌April 2021, as these are taxable. This includes:
• Self-Employment Income Support Scheme (SEISS)   • Coronavirus Job Retention Scheme (CJRS)   • other COVID-19 grants and support payments such as self-isolation payments, local authority grants and those for the Eat Out to Help Out scheme.
Go to GOV.‌‌UK and search ‘reporting coronavirus grants’ to find out which COVID-19 grant or support payments to include on your tax return if you’re self-employed, in a partnership or a business.
How do I complete my online tax return? Employment
HMRC webinar where you can find out about filling in your online tax return – including signing in and starting your return, showing your employment details, finishing and submitting your return and paying anything you owe.
Register here

Leave a comment

Your email address will not be published.