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REMINDER: UK 2021/22 TAX LIABILITY PAYMENTS

Farrell & Farrell

Just a reminder that any 2021/22 self assessment tax liabilities that are still outstanding should be paid to HMRC by this Thursday, 2 March to avoid late payment penalties equal to 5% of the outstanding tax due.


Alternatively, Time to Pay arrangements can be agreed with HMRC in advance of 2 March 2023 to spread repayment costs and avoid the 5% late payment penalty.


Just to be aware however that if you agree a time to pay arrangement with HMRC and do not make the payments on time as agreed, HMRC may charge late payment penalties as if the arrangement never existed.

 
 
 

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35 Main Street
Hilltown
Newry
County Down
BT34 5UJ

Tel:      028 4063 0876

Fax:     028 4063 2648

Email:  info@farrellca.com

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Farrell & Farrell CA Limited (trading as Farrell & Farrell) is registered in NI with registration number NI 639336. Registered with The Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry on audit work and regulated for a range of investment business activities by Chartered Accountants Ireland (CAI). Details about our audit registration can be viewed at www.auditregister.org.uk under reference number 3044856.

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