Taxpayers now have until 28 February 2022 to file their 2020/21 returns, although 31,000 did theirs over the Christmas period.
The deadline to submit your tax return for 2020/21 approaching, and this time you need to account for any SEISS grants you received.
From April 2024, MTD for ITSA will replace the self-assessment tax return for most self-employed taxpayers.
Should basis period reforms get the green light, it will impact on LLPs, partnerships, and GP practices who don’t operate to year-ends of 31 March or 5 April.
You don’t have to wait until on or before midnight on 31 January 2022 to file your 2020/21 tax return. If you have accurate records, get started today.
Some of the income tax rates and bands in Scotland for 2021/22 should rise 0.5% in line with the September 2020 CPI rate of inflation. What might you pay?