Paper tax returns deadline looming
- 6th October 2021
For those people who still prefer to file a paper tax return, the deadline for the 2020/21 tax year submission is 31 October 2021.
Many people have adopted online submission, especially with the introduction of Making Tax Digital. However, there are still those who have not embraced the digital submission process and still opt for paper submission.
Well, the clock is ticking and the deadline is approaching so don’t leave it to the last minute. As tempting as it may seem to think you have plenty of time and keep putting it off, the later you leave it, the more at risk you are and your tax return could turn out to be a whole lot more expensive than you anticipated.
Over the years, we have seen many tax payers who have left their preparation right until the last minute only to find they are missing an essential piece of information.
What if you miss the deadline?
No matter how well you plan, sometimes the unforeseen can happen. If you miss the deadline of 31 October 2021 DO NOT submit a paper return after this date. You will get a fine.
Although it may not be your preferred option, you can submit your return online. The deadline for these gives you another 3 months. Please don’t wait until the last minute though. Get your information and submit it as soon as you can. You don’t want to be in the same boat twice.
Do you need help?
‘Tax doesn’t have to be taxing’ – according to HMRC unless of course, you have much better things to do with your time.
Rather than worry about tax return deadlines and submissions, why not let us do it for you. Contact us if you would like any help with submitting your tax return.
Any news or resources within this section should not be relied upon with regards to figures or data referred to as legislative and policy changes may have occurred.