The deadline to submit your tax return online is 31st January 2022. Whilst this may seem like you have plenty of time, everyone is always so shocked at how quickly it comes around. As accountants, we always try to encourage our clients to start preparing for their tax return as soon as possible, and to…
Tag: tax returns
What are Basis Periods?
There are going to be quite a lot of changes to the way that businesses record and report their accounts over the next couple of years with the rollout of the Making Tax Digital scheme. One of these changes is the removal of basis periods from the tax year 2022 – 2023. What…
HMRC delays in checking tax returns
HMRC have warned that there will be major delays in the checking of tax returns for the 2020/21 tax year. With so many changes for many self-employed individuals this year, including CJRS (furlough) and SEISS grants, HMRC are manually double checking any tax returns that have been in receipt of either CJRS (furlough) and/or…