Contact Us

On 15 January 2021 PAYE workers that were in receipt of the PUP will find out how much tax they owe, and this will need to be paid through a reduction of tax credits in 2022.

If you are self-employed and file a Self-Assessment Tax Return things are a little different!

When you complete your 2020 Tax Return you need to include any income from the Pandemic Unemployment Payment as taxable income.

You can file your 2020 Tax Return from now until the deadline in October 2021. Any tax liabilities for 2020 will also be due at this time.

If you have difficulties paying your 2020 tax bill due to the COVID-19 pandemic you may be able to avail of the Tax Debt Warehousing Scheme or you may be able to agree a phased payment arrangement with Revenue at reduced rates of interest. 

 

Date published 13 Jan 2021

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

Local business focus icon

Local business focus

We specialise in supporting independent businesses and work with over 6,246 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

Come and meet us icon

Come and meet us

We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 23 locations, meet with us online through video call software, or talk to us by telephone.

Switching is simple icon

Switching is simple

Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.

See how TaxAssist Accountants can help you with a free, no obligation consultation

1800 98 76 09

Or contact us