For the second year running, HMRC has extended the filing deadline meaning anyone who did not file their tax return by the 31 January 2022 deadline will not receive a late filing penalty providing they file online by 28 February
Back in early January HMRC acknowledged the additional pressure COVID-19 is placing on taxpayers and their agents and announced a waiver that will give taxpayers more time to complete and file their tax return online before a penalty is issued.
HMRC announced that:
Despite the filing extension, HMRC reminded taxpayers that the tax they owe is still due by 31 January - even if they have not yet filed their return. Interest will be charged from 1 February on any outstanding liabilities. It should be noted that late payment interest rates have recently been increased by HMRC.
Taxpayers that are struggling to pay the tax they owe can set up a payment plan with HMRC using the Time to Pay service on the government website. Customers with bills over £30,000, or who need longer than 12 months to pay their bill, should call HMRC on 0300 200 3822.
Taxpayers can contact HMRC via webchat, Twitter, or the self-assessment phone helpline (0300 200 3310). They can also find the information they need via the free HMRC app or their personal tax account.
For any tax returns that cannot be filed on time due to a reasonable excuse of Covid-19-related circumstances, the bulk appeals facility will be available for appeals made between 9 March and 6 May 2022. These appeals must be recorded using the template on GOV.UK and sent to:
Bulk Agent Appeals, HM Revenue and Customs, BX9 1ZH.
The following must be considered before making any bulk appeals using this facility:
Covid-related grants to include on tax returns
HMRC information and inspection powers
Self-assessment tax returns for landlords
Tax guides to assist your clients
Brought to you in conjunction with Atom Content Marketing. Offering practical advice to help small businesses succeed.