Commitments must be delivered if small businesses are to survive: FSB, BCC

Self Assessment customers have been warned they have only one week left to submit paper tax returns or 100 days if they chose to go online.

HM Revenue and Customs said last year 96 per cent of customers completed their tax returns online but for those still using paper returns, the deadline for the 2020-21 year is 31 October.

More than 10.7 million customers completed a tax return by 31 January this year, 96 per cent online, which the HMRC said is the quickest and most efficient method.

Customers who submit their completed tax return now, do not have to pay any tax owed until 31 January 2022 and for anyone concerned about how to pay their tax bill, help is available through GOV.UK.

HMRC reminded customers there are a number of ways to pay their tax bill including paying through a customers’ tax code (PAYE customers only); Payment on Account; setting up an online monthly payment plan (self-serve Time to Pay); pay by debit or corporate credit card; and pay at a bank or building society.

Source Financial Accountant click here to read more.

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