HMRC has reminded self-assessment taxpayers that the deadlines for filing 2020/21 tax returns are now approaching.
The deadline for 2020/21 tax returns is 31 October 2021 for those completed on paper forms and 31 January 2022 for online returns.
HMRC has already seen thousands of people filing their returns – more than 63,500 customers filed their tax return on 6 April, the first day of the tax year.
Individuals who are new to self-assessment must register via GOV.UK to receive their Unique Taxpayer Reference (UTR). Self-employed individuals must also register for Class 2 national insurance.
HMRC is encouraging customers to register early so that they can access guidance and be aware of what they need to do. This includes record-keeping, knowing when the filing and payment deadlines are, and the potential for a first tax payment to include a payment on account.
This year, customers will also have to declare if they received any grants or payments from coronavirus (COVID-19) support schemes up to 5 April 2021, as these are taxable.
Myrtle Lloyd, Director General for Customer Services at HMRC, said: ‘We want to help people get their tax returns right by making sure they are prepared and have everything they need before they start their self-assessment. If anyone is worried about paying their tax bill, support is available – search ‘time to pay’ on GOV.UK.’
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