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01254 589799

Tax Return Reminder 2021
Tax Return Reminder 2021

 

With the new year fast approaching, it is time to start thinking about submitting your tax return for 2020/21.

HM Revenue and Customs (HMRC) must receive your tax return and any money you owe by the deadline (midnight on the 31st of January), or penalties will apply!

HMRC accepts completed tax returns for the 2020/21 tax year, as well as any money still owed, between 6th of April 2021 and 31st of January 2022.

If you fail to submit your documents to us on time, then penalties will inevitably apply.

 

 

Send your Documents to Gow & Partners Today!

 

When it comes to submitting documents relevant to your Self-Assessment Tax Return, we caution you against leaving it until the last minute.

This is because life can get in the way, especially for business owners, and we have known clients to miss vital dates for precisely this reason.

The sooner you send your documents over to Gow, the sooner our industrious team of accountants can give you the green light of submission.

Key Takeaway - you do not have to wait until January to file your return!

We recommend beating the rush, so you can rest assured that you have got it covered when April rolls around.

 

 

Penalties

 

HMRC has the power to charge increasingly expensive penalties if you miss the tax return deadline, which starts with a £100 fine from the first day your return is late. Due to the recent changes HMRC has introduced, these fees won’t kick in until 1 March 2021 (usually, they would be charged from 1 February).

 

 

Contact Gow & Partners

 

If you have any queries regarding your tax return, or submitting your documents, then do not hesitate to get in touch.

Call us on 01254 589799at your convenience.

Alternatively, you can fill in a contact form, or send us an email at info@gowandpartners.co.uk.