HM Revenue and Customs (HMRC) is reminding Self-Assessment customers that, from Sunday 24 October, they have one week left to submit paper tax returns and 100 days to go for online tax returns.
The Self-Assessment deadlines for the 2020/21 tax year are 31 October for paper returns and 31 January 2022 if customers complete their tax return online.
Even if customers submit their completed tax return now, they do not have to pay any tax owed until 31 January 2022. Anyone who is worried about how to pay their bill can access support here.
Visit GOV.UK for a full list of payment options and the eligibility criteria. Customers should contact HMRC if they have concerns about paying their bill.
Myrtle Lloyd, HMRC’s Director General for Customer Services, said: “There are 100 days left to complete your tax return, but you don’t have to wait for the 31 January deadline. Why not do it now and get it out of the way? Visit GOV.UK and search ‘self-assessment’ to find out more.”
The 2020/21 tax return covers earnings and payments during the pandemic. Customers need to declare if they received any grants or payments from the COVID-19 support schemes up to 5 April 2021 as these 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