It is doubtful that HMRC will change the tax year end date. The current tax year will therefore come to an end on 5 April 2021. Which means that tax-payers still have two months (February and March 2021) to take advantage of any tax planning strategies that may advantage their tax liabilities for 2020-21. As…
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Tax office moves the penalty spot
During the last week of January, HMRC finally accepted that many tax-payers would not make the filing deadline – 31 January 2021 – for their 2019-20 self-assessment tax return; due, in the main, to continuing COVID disruption. As a gesture, they have confirmed that: Self-Assessment tax-payers who cannot file their tax return by the 31…
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Tax office moves the penalty spot
During the last week of January, HMRC finally accepted that many tax-payers would not make the filing deadline – 31 January 2021 – for their 2019-20 self-assessment tax return; due, in the main, to continuing COVID disruption. As a gesture, they have confirmed that: Self-Assessment tax-payers who cannot file their tax return by the 31…
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Tax Diary February/March 2021
1 February 2021 - Due date for Corporation Tax payable for the year ended 30 April 2020. 19 February 2021 - PAYE and NIC deductions due for month ended 5 February 2021. (If you pay your tax electronically the due date is 22 February 2021) 19 February 2021 - Filing deadline for the CIS300 monthly…
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