Paper Self Assessment deadline just days away – we can help your clients!

The paper Self Assessment deadline for the 2020 to 2021 tax year is 31 October, taxpayers have been reminded.

But HM Revenue & Customs (HMRC) said self-employed workers and landlords should submit digitally to speed up the time it takes to file and avoid common mistakes.

The digital tax return deadline is 31 January 2022, three months after the paper cut-off date.

Customers can file before the October and January deadline but still have until 31 January to pay.

Taxpayers who believe that they may struggle to pay their tax bill should contact HMRC about setting up an affordable monthly payment plan through the regulator’s online self-serve Time to Pay facility.

HMRC has also reminded taxpayers to include taxable grants received through the Self-Employment Income Support Scheme (SEISS), where applicable.

According to the latest data, more than 63,500 taxpayers filed their tax return on 6 April, the first day of the tax year.

Do your clients need help getting ready for their self assessment? To find out more, please contact us.

Posted in Legal Bulletin.