Self-employed tax credit claimants who are unable to report their final income for 2019/2020 by 31 January 2021 should do so ‘as soon as possible’

HMRC advises that, where delay is due to impact of Covid-19, it will update the income used to calculate finalised entitlement 'in most cases'

Self-employed tax credit claimants who are unable to report their final income for 2019/2020 by 31 January 2021 should do so 'as soon as possible', HMRC has said.

In an announcement today, HMRC's Chief Executive Jim Harra acknowledged the 'immense pressure' that many self-employed people are facing as a result of the Covid-19 pandemic and, alongside extending the 31 January deadline for filing 2019/2020 tax returns, he also advised that -

'Where tax credits customers are unable to report their final/actual income for the tax year 2019 to 2020 by 31 January 2021, they should report the figure as soon as possible after 31 January. In most cases HMRC will update the income used to calculate finalised entitlement to tax credits if the delay is due to the impact of Covid-19.'

For more information, see No Self Assessment late filing penalty for those who file online by 28 February from gov.uk