News & Important Dates
COVID-19 Support – Late filing and payment penalties waived for one month (caution advised)
HMRC has announced today that no late filing penalties will be due where;
- Self assessment returns due on 31 January 2022 are filed online by 28 February 2022
- Tax owed for tax year 2021 is fully paid or a time to pay arrangement is established by 1 April 2022
However, this is not a change to the filing or penalty deadline and;
- Interest will be charged on late payments at 2.75%
- A return received after 31 January 2022 will continue to be marked as late meaning;
a. The enquiry window for the return is extended
b. Where filed after 28 February 2022 other late filing penalties from 3, 6 and 12 months will be payable
c. Entitlement to other benefits might be affected.
We strongly advise that you both file the returns due by 31st January 2022 and make payment or establish a time to pay arrangement to avoid any complications. It is particularly important that Class 2 National Insurance contributions are paid by 31st January 2022.
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