One week to file your Self Assessment return

About 1.5 million have just one week left to complete their late Self Assessment tax return.

Time is running out for those who still need to file their Self Assessment tax return and avoid a penalty, HM Revenue and Customs (HMRC) has warned.

The deadline for submitting tax returns was 31st January 2022 but, this year, HMRC gave extra time to complete their 2020 to 2021 tax return. They have until 28th February 2022 to file their return to avoid a late filing penalty.

About 12.2 million customers are expected to file a tax return for 2020 to 2021 tax year and more than 10.2 million were received by 31st January 2022.

About 1.5 million have just one week left to complete their late tax return.

HMRC has given customers until 1st April 2022 to pay their outstanding tax bill or set up a time to pay arrangement to avoid receiving a late payment penalty. Interest has been applied to all outstanding balances since 1st February 2022.

The existing Time to Pay service allows any individual or business who needs it, the option to spread their tax payments over time. Self Assessment taxpayers with up to £30,000 of tax debt can do this online once they have filed their return. Almost 100,000 have used this service since April 2021, spreading the cost of their tax bill into manageable monthly instalments.

If owing more than £30,000, or needing longer to pay, they should call the Self Assessment Payment Helpline on 0300 200 3822.

Find out more about Self Assessment.

Myrtle Lloyd, HMRC’s Director General for Customer Services:

There is one week left to complete your tax return if you haven’t done so already. And for anyone who is worried about paying their tax bill, there is support available – search ‘pay my Self Assessment’ on GOV.UK.

From 22nd February 2022, filers will be able to make Self Assessment payments quickly and securely through the HMRC app. Those who chose to make secure Self Assessment payments through the HMRC app can either connect to their bank to make their payments or pay by Direct Debit, personal debit card or corporate or commercial credit or debit card. A full list of the payment methods customers can use to pay their Self Assessment tax bill is available on GOV.UK.

The 2020/21 tax return covers earnings and payments during the pandemic. Filers will need to declare if they received any grants or payments from the COVID-19 support schemes up to 5th April 2021 on their Self Assessment, as these are taxable, including:

  • Self-Employment Income Support Scheme (SEISS)
  • Coronavirus Job Retention Scheme
  • 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

The £500 one-off payment for working households receiving tax credits should not be reported in Self Assessment.

It is important to check and make any changes to their tax return to make sure any Self-Employment Income Support Scheme or other COVID-19 support payments have been reported correctly in their Self Assessment.

HMRC urges everyone to be alert if they are contacted out of the blue by someone asking for money or personal information. Customers should always type in the full online address to get the correct link for filing their Self Assessment return online securely and free of charge. HMRC sees high numbers of fraudsters emailing, calling or texting people claiming to be from the department. If anyone is in doubt, do not to reply directly to anything suspicious, but contact HMRCstraight away and search GOV.UK for HMRC scams’.

Further information

10.69 million have filed a 2020 to 2021 tax return to date.

The free HMRC app is available on either the App Store for iOS or the Google Play Store for Android. Customers will need their Government Gateway user ID and password to sign into their account for the first time.

PAYadvice.UK 21/2/2022

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