Self Assessment tax deadline 2022

The deadline to file your 2020/21 self-assessment tax return is soon. Taxpayers that choose to file via a paper return had a deadline of 31 October 2021. If you file electronically, the filing deadline is 31 January 2022 however HMRC is waiving late filing and late payment penalties for one month giving self-assessment taxpayers extra time (if required) to complete their 2020 to 2021 tax return and pay an tax due.

If the return can be filed and paid on time this is suggested.

HMRC also reminded taxpayers that this year they will also have to declare if they received any grants or payments from COVID-19 support schemes up to 5 April 2021. These grants are taxable, including:

• 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 (for any restaurant making the claim)

The £500 one-off payment for working households receiving tax credits should not be reported in your self-assessment tax return.

If you file via a paper return but missed the deadline, you will have two options to reduce the potential penalties you now face:

1. Complete and submit the outstanding return at the earliest opportunity available
2. Complete and submit the return online. If you need help switching to the electronic filing option, please contact a Moore adviser who will be able to assist.

For assistance with your self-employed tax return, please contact a Moore adviser.