top of page
  • Farrell & Farrell

REMINDER: UK 2021/22 TAX LIABILITY PAYMENTS

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.

4 views0 comments

Recent Posts

See All

Tax Adviser Vacancy

#FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors #uktaxadvisors #roitaxadvisors #accountantcountydown #accountantnearme #newryandmourne #qualifiedtaxadviser #wearehiring

UK: Interest rates will remain unchanged

The Bank of England has today confirmed that interest rates will remain unchanged at 5.25% as expected, despite a decrease in inflation.  The decision marks its fifth pause in a row, with the Monetary

EDIT: HMRC U-turn on plans to cut access to helplines

HMRC have just announced that further to feedback, they are now halting plans to restrict access to the self-assessment, VAT and PAYE helplines as announced only yesterday while they engage with stake

Comments


bottom of page