top of page
Search
  • Farrell & Farrell
    • Feb 28
    • 1 min read

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.

3 views0 comments

Recent Posts

See All

As a mark of respect we will be closed today, 25th August 2023 due to the funeral of Sean Hillen.

As HMRC interest rates are linked to the Bank of England base rate, the 3 August increase from 5% to 5.25% has triggered another increase in rates for late payments and repayment of tax. Therefore, th

The Governing Council decided to raise the three key ECB interest rates by 25 basis points. The interest rate on the main refinancing operations and the interest rates on the marginal lending facility

bottom of page