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5 April 2024
- The general rule is that a tax refund cannot be claimed more than four years after the end of the relevant tax year. This means that if you are claiming a refund for the 2019/20 tax year, which ended on 5 April 2020, you must make your claim by 5 April 2024.
www.litrg.org.uk/news/time-running-out-claim-201920-tax-refunds
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Mar 27, 2024 · The general rule is that a tax refund cannot be claimed more than four years after the end of the relevant tax year. This means that if you are claiming a refund for the 2019/20 tax year, which ended on 5 April 2020, you must make your claim by 5 April 2024.
Sep 5, 2022 · News. You may have made (or tried to make) contact with HMRC by post or phone recently. If so, you may have been frustrated at how long it takes to get through on the helpline or receive a response by post. HMRC are aware that they are behind where they need to be when dealing with taxpayers.
- Overview
- Further Information
Late filing and late payment penalties are to be waived for one month for Self Assessment taxpayers.
HM Revenue and Customs (HMRC) is waiving late filing and late payment penalties for Self Assessment taxpayers for one month – giving them extra time, if they need it, to complete their 2020 to 2021 tax return and pay any tax due.
HMRC is encouraging taxpayers to file and pay on time if they can, as the department reveals that, of the 12.2 million taxpayers who need to submit their tax return by 31 January 2022, almost 6.5 million have already done so.
HMRC recognises the pressure faced this year by Self Assessment taxpayers and their agents. COVID-19 is affecting the capacity of some agents and taxpayers to meet their obligations in time for the 31 January deadline. The penalty waivers give taxpayers who need it more time to complete and file their return online and pay the tax due without worrying about receiving a penalty.
The deadline to file and pay remains 31 January 2022. The penalty waivers will mean that:
Interest will be payable from 1 February, as usual, so it is still better to pay on time if possible.
New Year filing figures for 2020 to 2021 tax returns:
•31 December 2021: 33,467 tax returns were filed. The peak time for filing was 11:00 to 11:59 when 3,835 returns were received
•1 January 2022: 14,231 tax returns were filed. The peak time for filing was 15:00 to 15:59 when 1,407 returns were received
Normally, late filing penalties are applied to all returns due on but filed after the 31 January deadline. Those penalties are cancelled if the taxpayer has a reasonable excuse for filing late. However, this year, like last year, HMRC is not charging late filing penalties for a month to help taxpayers and agents who are unable to meet the deadline. Late filing penalties will not be charged for online tax returns received by 28 February.
The payment deadline for Self Assessment is 31 January and interest will be charged from 1 February on any amounts outstanding. Normally a 5% late payment penalty is charged on any unpaid tax that is still outstanding on 3 March. This year, like last year, HMRC is giving taxpayers more time to pay or set up a payment plan. Self Assessment taxpayers will not be charged the 5% late payment penalty if they pay their tax or set up a payment plan by midnight on 1 April. They can pay their tax bill or set up a Time to Pay arrangement online at GOV.UK.
Self Assessment timeline:
Jan 31, 2022 · HMRC has announced it will temporarily waive the late penalties taxpayers usually face if they miss the 31 January filing and tax payment deadline - but it still pays to deal with your 2020-21 tax on time.
Oct 14, 2021 · HMRC has reminded self assessment taxpayers that the deadlines for filing 2020/21 tax returns are now approaching. The deadline for 2020/21 tax returns is 31 October 2021 for those completed on paper forms and 31 January 2022 for online returns.
Nov 26, 2020 · 26 Nov 20. It’s an understatement to say it’s been a difficult year. With so much going on due to Covid-19, its easy to forget tax deadlines for filing and tax payments. Late filing will almost always result in penalties, and no one needs to be paying more than they have to right now.
