1st April deadline
Sarah Gadeke
Accountant | Maidenhead & Bracknell | Working with ambitious business owners who are looking to grow their business | Monthly packages to suit SMEs and start ups
The following Tax Events are due on 1st April 2021: Personal Tax Events
5% late payment penalty on any 2019/20 outstanding tax which was due on 31st January 2021 and still remains unpaid
This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 NI, capital gains tax or High Income Child Benefit Charge liabilities.
The balance of any outstanding income tax, Classes 2 and 4 National Insurance, capital gains tax and High Income Child Benefit Charge for the year ended 5th April 2020 was due for payment by 31st January 2021 unless you have set up a payment plan with HMRC by 1 April 2021. Where the payment is made late interest will be charged. On 1 April 2021 a late payment penalty of 5% will be added to the outstanding liability.
If we have already dealt with this matter on your behalf you need take no action.
Strategy & Exit Planning, Board Advisor
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