HM Revenue and Customs have announced Self Assessment taxpayers will not be charged the 5% late payment penalty if they pay their tax or set up a payment plan by 1 April 2021.
Missed the 31st January deadline?
Act NOW! There is still time. Self Assessment customers who did not file their tax return by the 31 January 2021 deadline will not receive a late filing penalty if they file online by 28 February.
Another year done with a record breaking number of tax returns filed on time.
Don't forget the deadline for filing your self assessment tax return to 5th April 2020 is the 31st January 2021.
Not sure if you need to file a tax return? Feel free to ask us.
Or Link to Government web site for more information.
– but you'll still be fined for late payment.
More on the MoneySaving Expert site.
Link to it from our Blog page.
HMRC have announced £4.6 billion in new lockdown grants to support businesses.
This comes in addition to Local Restriction Support Grants worth up to £3,000 a month.
The one-off top-ups will be granted to closed businesses as follows:
For any urgent matters Colin Dalton or Richard Ratcliffe can be contacted on the following emails; This email address is being protected from spambots. You need JavaScript enabled to view it.. This email address is being protected from spambots. You need JavaScript enabled to view it.
The online portal for the scheme is now active and applications for the scheme’s third grant must be made by January 29, 2021.
Link to Government information web page.
Huge congratulations to Jack here at Dalton Pardoe for passing his ICAEW Law exam with flying colors.
Just 1 more to go to achieve his ICAEW Certificate in Finance, Accounting and Business.
Keep up the hard work!!
Clink here to link to government web site.
