We would normally be sending out letters and forms to our clients at this time of year to start collating their Self Assessment Tax Return information for the year ended 5 April 2021 but this year has been nothing, if not different.
Many people may have been on furlough throughout the year, which has impacted on their earnings and benefits, others may have lost their jobs in retail or affected trades, some may have received grants and loans to support their trades in lockdown.
Whatever your position, we have tried to compile a list of things to think about when collating your self assessment tax return information this year.
The views expressed in this article are the personal views of the Author and other professionals may express different views. They may not be the views of Lambert Chapman LLP. The material in the article cannot and should not be considered as exhaustive. Professional advice should be sought in connection with any of the issues contained in the article and the implementation of any actions.