Tax returns filing deadline at the end of this month
07/01/2021

The 31 January 2021 tax return filing deadline is not just the final date for submission of your Self-Assessment tax return but also an important date for payment of tax due to HMRC. This includes the payment of any balance of Self-Assessment liability for the 2019-20 plus the first payment on account due for the current 2020-21 tax year. The 31 January 2021 is also the payment date for any CGT due on residential property sales made before the rules changed on 6 April 2020.

If you missed the filing deadline then you will usually be charged a £100 fixed penalty if your return is up to 3 months late, regardless of whether you owed tax or not. If you do not file and pay before 1 May 2021 then you will face further penalties unless you have made an arrangement with HMRC.


Latest News

Spring Budget 2021 – Income Tax Rates & Allowances
04/03/2021 - More...
It has been confirmed as part of the Budget announcements that the 2021-22

Spring Budget 2021 – Corporation Tax
04/03/2021 - More...
The Chancellor confirmed that the Corporation Tax main rate will remain at 19%

Spring Budget 2021 – CJRS and SEISS schemes extended
04/03/2021 - More...
The Coronavirus Job Retention Scheme (CJRS) commonly known as the furlough

Search News


Newsletter

With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!

»Signup for the newsletter