27th September 2022 Posted by - Alexander Accountancy
The deadline for completing Self Assessment tax returns online for the 2021 to 2022 tax year is 31 January 2023.
HM Revenue and Customs (HMRC) is reminding customers who need to complete a tax return for the 2021 to 2022 tax year to let HMRC know by 5 October 2022. They can do this by registering for Self Assessment.
Before customers can complete their first tax return, they need to register with HMRC to receive their Unique Taxpayer Reference (UTR). Customers need their UTR to file a return. The tax return deadline for the 2021 to 2022 tax year is 31 October 2022 for those completed on paper forms, and 31 January 2023 for online returns.
HMRC is encouraging customers to plan ahead to give themselves the best chance to complete their Self Assessment on time. Customers who file early will benefit from knowing what they owe, allowing them to budget and pay at a time that suits them. If customers are due a refund, they could get it back quicker. Customers have until 31 January to pay any tax owed.
Myrtle Lloyd, HMRC’s Director General for Customer Services, said:
By registering early, Self Assessment customers will have plenty of time to prepare and access all the help available to them before they start their first tax return.
Help and support is available to anyone completing a return, just search ‘Self Assessment’ on GOV.UK.
Customers can check if they need to complete a tax return by using the free online tool on GOV.UK. Customers who are new to Self Assessment for the 2021 to 2022 tax year may include:
- 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
- those claiming Child Benefit but they or their partner have an income above £50,000
Self-employed customers must also register for Class 2 National Insurance contributions.
The easiest way to complete a tax return is online. Once a customer is registered for Self Assessment, they can use their UTR to access their tax return, as well as details of their income or earnings and other financial records. Detailed information on what documents are needed for Self Assessment are on GOV.UK.
Click the link below to read more.
Source Gov.uk – Click Here 27th Sept 2022
