Tomorrow, 11.59pm 31 January 2023, is the 2021/22 self-assessment (“SA”) filing deadline to ensure returns are not treated as filed late and automatically incur a £100 penalty. This is also the deadline for paying the balancing payment of tax and national insurance for 2021/22 in addition to the first 2022/23 payment on account (unless a time to pay arrangement is in place). 2020/21 SA returns must also be amended by the above deadline.
Readers are reminded that any Self-Employed Income Support Scheme grants received in 2021/22 must be included as taxable income as must any other support grants received by the self-employed.