Self-assessment filing and payment dates extended to 28 February 2022

HMRC have advised that no late filing penalties will be issued if outstanding self-assessment (SA) for 2020-21 are filed by 28 February 2022. No late payment penalties will be charged for tax normally due 31 January 2022 as long as payment is made to HMRC by 1 April 2022 or a payment plan has been agreed with HMRC by the same date, 1 April 2022.

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Importance of accurate record keeping in 2022

As we consider our business planning options for 2022, the relevance of accurate, readily accessible accounting data has never been more apparent. Without up-to-date, real-time data we cannot make the judgements that may mean the difference between business survival and failure.

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