There are less than 70 days to go until the deadline for online returns for the 2021-22 tax year, with customers having until 31 January 2023 to complete their Self Assessment Tax Returns.
HMRC is encouraging everyone to complete your return as soon as possible, so you know what you owe and can budget to make the payment by the deadline. This also means that if repayment is due, it can be claimed back sooner.
Help and support is available online to help you with you tax returns. Just search ‘Self Assessment’ on gov.uk to find out more and get started today.
For taxpayers, filing early means you will have plenty of time to access the number of payment options available including:
- paying via the free and secure HMRC app;
- setting up an online monthly payment plan (self-serve time to pay);
- paying through the PAYE tax code (subject to eligibility);
- payment on account
Those who are unable to pay their tax bill in full can access the support and advice that’s available on gov.uk. HMRC may also be able to help by arranging an affordable payment plan.
HMRC has also warned customers to be aware of the risk of scams, reminding them to never share their login details.
You can check if you need to complete a tax return by using the free online tool on gov.uk. This includes:
- those who are newly self-employed and earned more than £1,000;
- a new partner in a business partnership;
- those who have received any untaxed income; and
- those claiming child benefit but they or their partner have an income above £50,000.
Self-employed workers must also register for Class 2 National Insurance contributions.
Visit gov.uk to register for self-assessment.