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Markel Tax

06 Jan 2022

HMRC’s tax return extension 2022: Markel Tax has you covered

For the second year running, HMRC have granted a tax return extension whereby late filing and late payment penalties are to be waived for self-assessment taxpayers if the return is filed after 31 January, but before 28 February. 

Of the 12.2 million taxpayers who need to submit their tax return, almost 6.5 million have already done so. Despite this, HMRC have once again recognised the added pressure that COVID-19 has put on taxpayers and their agents.

At Markel Tax, our policy is designed to respond and support you and your clients through times of uncertainty and change such as this. As standard, all Markel Tax FPI policies offer 90 days’ grace beyond the statutory filing deadline, providing you with additional peace of mind.

That’s why you can rest assured that if you or one of your clients files a self-assessment tax return after the 31 January deadline but before 30 April, it’ll still be covered by your policy.

If you require any further advice, Markel clients can contact our tax advice line on 0333 305 3667 or visit HMRC’s website.  If you or your clients do not currently benefit from a Markel policy, you can find out more information on our website.

 
 
Tagged HMRC Fee protection insurance Fee protection insurance
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21 Dec 2021

Season's Greetings from Markel Tax