Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

10 key reminders to consider ahead of the self-assessment deadline

18 January 2022 / Dawn Register , Adam Cox
Issue: 4824 / Categories: Comment & Analysis
68584
Ten out of ten

Key points

  • HMRC will waive late filing penalties for returns not submitted by 31 January as long as they are filed by 28 February.
  • Some claims and elections must be made by 31 January and are not affected by the deadline relaxation.
  • The payment deadline remains 31 January and interest will begin to accrue from 1 February.

The 2020-21 self-assessment deadline is almost upon us. Importantly HMRC has again taken the welcome step to waive any late-filing penalties for returns not submitted by 31 January as long as they are submitted by 28 February. This in effect ‘softens’ the filing deadline but does not move the statutory obligation given so many other tax administration points depend on the 31 January date. For example the deadline to amend 2019-20 tax returns remains 31 January. Likewise HMRC confirms that the payment deadline remains unchanged so interest will begin to accrue from...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

FIVE WAYS TO MAKE ACCOUNTS PRODUCTION AND TAX EASIER.
Download the exclusive Xero
free report here.

New queries
Please email any questions you might have
to: taxation@lexisnexis.co.uk.

back to top icon