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Understand that you have to ACT NOW!
31st January 2022 is the deadline. Understand your responsibilities and various deadlines, we'll assist you to file tax return Now.
Payments are normally made in two installments on 31 January and 31 July each year (except for PAYE and other tax deducted at source). Any balance due is settled the following 31 January.
If you pay tax late then interest will run from the date the tax is due. There is also a 5% surcharge if any part of the tax for the year is unpaid by 28 February after the end of the tax year, and there will also be a further 5% surcharge on any amounts still unpaid five months later, at the end of July.
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Self-Assessment is a tax system whereby taxpayers are responsible for paying the correct amount of tax on set dates, without waiting for HM Revenue & Customs to demand this Self Assessment applies to:
Self-employed people including business partners
Company Directors
Individuals with more complicated tax affairs including those who pay higher rate tax
Pensioners with more complex tax affairs
People who receive rent or other income from land and property in the UK
Trustees and personal representatives
Trustees of approved self-administered pension schemes
Non-resident company landlords
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