The Chancellor of the Exchequer, Rishi Sunak, delivered his Spring Statement on Wednesday 23 March 2022.
HMRC have recently announced that provided 2020/21 tax returns are received by the end of February, the late filing penalty will not be applied. Filing late will, however, extend the period during which HMRC may open an enquiry into your return.
Last week’s Budget saw a number of announcements that will impact on individuals, most notably the National Insurance increase to pay for social and health care.
On 27 October 2021, the Chancellor delivered his third Budget in conjunction with the Public Spending Review.