The following Personal Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
There are two dates by which a self assessment tax return should be filed:
31 October following the end of the tax year (paper submission)
31 January following the end of the tax year (three-month extension for online filing)
TMA 1970, s 8(1D)
Therefore, for the tax year 2019/20, the paper return must normally be filed by 31 October 2020. For an electronic return, the filing deadline is 31 January 2021.
For a template letter that could be used to remind clients to submit their information, see the Standard document ― 2019/20 tax return reminder letter.
From April 2020, HMRC no longer automatically issues paper tax returns to those who have filed on paper in the past. This decision was taken in order to encourage the use of the HMRC online filing service and to save paper. Instead, these individuals will receive a notice to file a return. They can still file on paper, but in order to do so they need to download a blank version of the return or call HMRC to request a copy.
There are exceptions to the 31 October / 31 January deadlines depending on the date the tax return was issued.
For those taxpayers who file tax returns every year, a return will normally be issued on 6 April following the end of the tax year. Where a
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.
Access this article and thousands of others like it free for 7 days with a trial of TolleyGuidance.
Read full article
Already a subscriber? Login
The basic rule is that all benefits provided to an employee by reason of their employment are taxable unless there is a specific exemption or other rule that means they are not chargeable to tax.ExemptionsThe main exemptions for employee benefits are in ITEPA 2003, ss 227–326B (Pt 4).Below is an
Maintenance payments are payments made by a taxpayer to their former or separated spouse for the maintenance of that former spouse or their children. To obtain any tax relief for maintenance payments, one of the couple must have been born before 5 April 1935 and the payments must be made by virtue
Class 1 and Class 1AClass 1 and Class 1A are the categories of NIC that can be charged on expenses reimbursed and benefits provided to employees. These classes are mutually exclusive. A benefit cannot be subject to both Class 1 and Class 1A NIC. Three requirements must be met before Class 1A NIC is
Preparatory workBefore completing the Inheritance Tax account for submission to HMRC, the practitioner needs to undertake a comprehensive review of the extent of the estate and its proposed distribution. The work required leading up to the submission of the account is described in detail in the
To view our latest tax guidance content, sign in to Tolley Guidance or register for a free trial.