2021 was a roller coaster year for all financial and business matters. The unforgiving second wave of the viral infection, the struggling companies and the coping laws; everything seemed to experience a shift to adjust well with the situation. Nevertheless, it’s a new year and a new beginning. Having optimism in thoughts and focusing on actions shall pave the way for better days. <\/p>\n\n\n\n
Dates and taxes always go hand in hand. Being your income tax service provider<\/strong>, we take you through all important tax dates in the new year and everything that comes along!<\/p>\n\n\n\n 31 January 2022<\/strong><\/p>\n\n\n\n For the financial year 2020\/21, all income tax paying self-assessment<\/strong> <\/a>returns in electronic or manual form should be filed by the end of this date. This date is a threshold for filing self-assessment for the previous financial year. All due self-assessed income tax, capital gains for the year 2020\/21, class 4 NIC must be paid for the financial year 2020\/21. The original threshold date was 31 July 2021, but the government announced an extension till 31 January 2022.\u00a0<\/p>\n\n\n\n 1 February 2022<\/strong><\/p>\n\n\n\n All the individual taxpayers who yet haven’t paid their NI liabilities and remaining tax amount for the financial year 20219\/20 till the above-mentioned date would be subjected to an additional penalty of 5% along with another 5% penalty on due amounts for 1 March 2021 and 1 August 2021. <\/p>\n\n\n\n 2 February 2022<\/strong><\/p>\n\n\n\n Submission of Form P46 (Car) is a must in order to report new provided cars.<\/p>\n\n\n\n 14 February 2022<\/strong><\/p>\n\n\n\n For all applications pertaining to suspension of primary class 1 NIC for the year 2021\/22. <\/p>\n\n\n\n 2 March 2022<\/strong><\/p>\n\n\n\n All the due taxes for 2020\/21 will face a 5% penalty charge if the tax isn’t paid until the given date.<\/p>\n\n\n\n 1 April 2022<\/strong><\/p>\n\n\n\n This is a very important date for VAT payers. The VAT tax rate was reduced to 12.5% for various areas like Hospitality supplies, holiday attractions and others, looking at the situation. On this date, the tax rate would again go up to the initial rate of 20%.<\/p>\n\n\n\n Businesses registered for VAT are required to make an entry for the MTD for timely VAT returns. <\/p>\n\n\n\n 30 April 2022<\/strong><\/p>\n\n\n\n For all due self-assessment returns for 2020\/21, the late fine of 10 Euros per day shall start. Filing ATED relief and ATED returns declaration for the year 2022\/23 should occur. This is also the threshold date for ATED returns for 2021\/22. <\/p>\n\n\n\n These were some important tax dates for the first half of the year 2022. FinBridge is your accounting partner enabling all timely and accurate paying of self-assessment<\/strong> tax returns.<\/p>\n\n\n\n We help you manage your business finances through our expert service. Contact us for all further enquiries! <\/p>\n","protected":false},"excerpt":{"rendered":" 2021 was a roller coaster year for all financial and business matters. The unforgiving second wave of the viral infection, the struggling companies and the coping laws; everything seemed to experience a shift to adjust well with the situation. Nevertheless, it’s a new year and a new beginning. Having optimism in thoughts and focusing on… Continue reading Taxation in the UK: Important dates for 2022<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[64],"tags":[65,30],"class_list":["post-530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-income-tax-service","tag-income-tax-paying-self-assessment","tag-income-tax-service-provider","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/finbridgeadvisors.co.uk\/blogs\/wp-json\/wp\/v2\/posts\/530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finbridgeadvisors.co.uk\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finbridgeadvisors.co.uk\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finbridgeadvisors.co.uk\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finbridgeadvisors.co.uk\/blogs\/wp-json\/wp\/v2\/comments?post=530"}],"version-history":[{"count":2,"href":"https:\/\/finbridgeadvisors.co.uk\/blogs\/wp-json\/wp\/v2\/posts\/530\/revisions"}],"predecessor-version":[{"id":533,"href":"https:\/\/finbridgeadvisors.co.uk\/blogs\/wp-json\/wp\/v2\/posts\/530\/revisions\/533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finbridgeadvisors.co.uk\/blogs\/wp-json\/wp\/v2\/media\/531"}],"wp:attachment":[{"href":"https:\/\/finbridgeadvisors.co.uk\/blogs\/wp-json\/wp\/v2\/media?parent=530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finbridgeadvisors.co.uk\/blogs\/wp-json\/wp\/v2\/categories?post=530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finbridgeadvisors.co.uk\/blogs\/wp-json\/wp\/v2\/tags?post=530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}