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Self Assessment deadline countdown begins

Self Assessment customers have been warned they have only one week left to submit paper tax returns or 100 days if they chose to go online.

Self Assessment deadline countdown begins
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  • Keeli Cambourne
  • October 25, 2021
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HM Revenue and Customs said last year 96 per cent of customers completed their tax returns online but for those still using paper returns, the deadline for the 2020-21 year is 31 October.

More than 10.7 million customers completed a tax return by 31 January this year, 96 per cent online, which the HMRC said is the quickest and most efficient method.

Customers who submit their completed tax return now, do not have to pay any tax owed until 31 January 2022 and for anyone concerned about how to pay their tax bill, help is available through GOV.UK.

HMRC reminded customers there are a number of ways to pay their tax bill including paying through a customers’ tax code (PAYE customers only); Payment on Account; setting up an online monthly payment plan (self-serve Time to Pay); pay by debit or corporate credit card; and pay at a bank or building society.

The 2020 to 2021 tax return covers earnings and payments during the pandemic. Customers will need to declare if they received any grants or payments from the COVID-19 support schemes up to 5 April 2021 on their Self Assessment, as these are taxable, including the Self-Employment Income Support Scheme; the 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.

HMRC urges everyone to be alert if they are contacted by someone asking for money or personal information. HMRC sees high numbers of fraudsters emailing, calling or texting people claiming to be from the department. If in doubt, HMRC advises not to reply directly to anything suspicious, but to contact them straight away and to search GOV.UK for “HMRC scams”.

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