Home Business News Four million yet to submit self-assessment tax return with less than a week to go before the deadline

Four million yet to submit self-assessment tax return with less than a week to go before the deadline

by LLB Finance Reporter
24th Jan 22 2:32 pm

Next Monday is the deadline for four million people yet to submit their 2020/2021 self-assessment tax return by the 31 January deadline.

HM Revenue and Customs (HMRC) waived the deadline for one month to allow for late tax returns due Covid and those who cannot submit the self-assessment by the deadline will not receive a penalty if they file their tax return by 28 February.

Myrtle Lloyd, HMRC’s director general for customer services, said, “We know some customers may struggle to meet the self-assessment deadline on January 31 which is why we have waived penalties for one month, giving them extra time to meet their obligations.

“And if anyone is worried about paying their tax bill, they can set up a monthly payment plan online – search ‘pay my self assessment’ on gov.uk.”

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