I write to convey my personal season greetings after another difficult year and give hope to the uncertainty and challenging times ahead.
You will be pleased to learn, for those business entities (LTD & LLP’s), with the exception of 2 (under exceptional circumstances), the accounts were completed and filed with Companies House and HM Revenue & Customs by 17th December 2021. As you may be aware, HM Revenue & Customs filing deadline is some three months ahead of Companies House requirements (deadline date 31st March 2022).
Where there is a Corporation Tax liability, please ensure it is paid to reach HM Revenue & Customs before 1st January 2022.
In the main, Sole Traders accounts and Self-Assessment Tax Returns have been prepared and their tax liabilities determined and agreed to be paid before 31st January 2022.
However, there are a few Clients left (probably less than 20), whose Sole Trader accounts and Self-Assessment Tax Returns for the tax year 2020/21 are still outstanding and will need to be filed before 31st January 2022.
I will personally engage in a dialogue during Christmas and new year, to ensure that all information necessary to complete the pending Self-Assessment Tax Returns is sent to us by 5th January, so we are able to conclude the submission of the tax returns by no later than 21st January 2022.
The existing Standard System and Procedure, together with General Rules of Engagement are being updated to ensure strict adherence to avoid penalties and further costs (e.g. all Boomerangs are completed and delivered by 30th June 2022).
