Starting a business - Help urgently needed

Jeremy535897

The reason is that you might do something wrong and compound the problem. But one current issue you have is that your 2020/21 return will be late as well if you don't get a move on (the deadline has been extended to 28 February 2022). Accountants are busy at this time of year, but if you are not confident in doing it yourself, talk to an accountant urgently.

Savvy_Sue

Deadline for filing extended, but am I right in thinking that interest is still charged if tax due isn't paid by 31st January?

Jeremy535897

Savvy_Sue said:

Deadline for filing extended, but am I right in thinking that interest is still charged if tax due isn't paid by 31st January?

Yes you are.

Savvy_Sue

Jeremy535897 said:

Savvy_Sue said:

Deadline for filing extended, but am I right in thinking that interest is still charged if tax due isn't paid by 31st January?

Yes you are.

So the OP would be well advised to do a 'back of the envelope' calculation for what he might owe, and pay it before he even submits? 

Jeremy535897

The problem is how to pay, when OP is not registered for self assessment.

Savvy_Sue

Jeremy535897 said:

The problem is how to pay, when OP is not registered for self assessment.

True. Even more important to get a move on!