We are fast approaching the deadline for filing your Self-Assessment tax return which is Monday 31st January 2022.

If you would like Cogent to prepare your tax return, please complete and return the Self-Assessment Tax Return Questionnaire for the tax year 2020/21 which was previously sent to you by email.

As we are close to the deadline, we cannot guarantee to complete the tax return to meet the deadline so it is important that you complete the questionnaire as soon as possible.

The standard charge, including VAT, for a basic tax return is £240 as we have passed the deadline to receive this service at a discounted rate. Please note, more complicated tax returns, where additional work or supplements are required, will be subject to additional charges.

If you have a second shareholder, they may also need to file a tax return even if they have not done so previously due to the changes to dividend tax from April 2018 on any dividends over £2,000.  If they would like Cogent to prepare their tax return, please download a second copy of the questionnaire for them to complete.

Please also be aware that if we have already prepared your tax return, this will not be filed until our fee has been paid and the tax return approved.

Outstanding Balancing Payments for 2020/21 and the First Payment on Account for 2021/22 are also due and payable by 31st January 2022 and interest will be charged on late payment.

STOP PRESS…
HMRC has announced that Self-Assessment taxpayers who miss the 31st January 2022 tax return deadline will not receive late filing penalties if their return is filed online by 28th February 2022. The 31st January 2022 payment deadline however remains. Taxpayers who do not pay any outstanding balance on their 2020/21 tax bill by 31st January 2022 will be charged interest from 1st February 2022.