31 October deadline for paper self-assessment tax returns

Self-assessment Tax Return Form

 

 

HMRC is reminding taxpayers to check that they have correct information in order to complete their self-assessment tax returns. The deadline for tax returns is 31 October 2021 for those completed on paper forms and 31 January 2022 for online returns. 

 

 

HMRC has already seen thousands of people filing their tax returns – more than 63,500 customers filed their tax return on 6 April 2021, the first day of the tax year. Taxpayers can file before the January deadline but still have until 31 January to pay. 

 

Any customer who is new to self-assessment must register via gov.uk to receive their Unique Taxpayer Reference (UTR). Self-employed individuals must also register for Class 2 National Insurance. HMRC is encouraging taxpayers to register early so they can access guidance and be aware of what they need to do.

 

This year taxpayers will also have to declare if they have received any grants or payments from Covid-19 support schemes up to 5 April 2021 as these are taxable. This includes SEISS, CJRS and other Covid-19 grants and support payment such as self-isolation payments, local authority grants and those for the Eat Out to Help Out Scheme.

 

If you are employed and received furlough payments during the 2020-21 tax year, you will need to enter your earnings and income tax as stated on your P60. If you are self-employed or in a partnership and received any coronavirus financial support you will need to declare it on your self-assessment.

 

Taxpayers who are worried about paying their tax bill should contact HMRC for help as they might be able to set up a monthly payment plan online by using HMRC’s self-serve Time to Pay facility.

 

It is important to stay vigilant for scams and be cautious with any emails, calls or texts from anyone claiming to be from HMRC. 

 

For more information on self-assessment tax returns, please contact your local Lentells office;

Chard - 01460 64441, chard@lentells.co.uk

Seaton - 01297 20584, seaton@lentells.co.uk 

Taunton - 01823 286274, taunton@lentells.co.uk