The self-assessment tax return deadline is looming, but many Brits may not be able to submit theirs in time. The deadline applies to returns for the 2021/22 tax year, which ended on April 5, 2022.
Self-employed workers must file a tax return to HMRC by 11.59pm on January 31 or risk incurring penalties that start at £100. While there is no way to extend the deadline, the taxman will waive the penalty fee if a person has a “reasonable excuse” as to why they are late.
Adam Park, tax specialist at Zest R&D, said: “The key dates for income tax don’t change year-on-year, which makes them easy to plan for and manage. The most critical deadline, January 31, marks the end of self-assessment and payment period for income tax.
