The Income Tax Division issued the following extensions to deadlines as a result of the lockdown:

Employers

The deadline for employers’ tax returns for the year ended 5 April 2020 is extended from 5 May 2020 to 5 June 2020.

Companies

First penalties will not currently be issued for the non-submission of any company tax returns still outstanding and due to be submitted between 1 April 2020 and 5 June 2020. This measure results in the filing date for these returns being extended to 5 June 2020 in order to prevent the issue of a first penalty.

Second penalties will not currently be issued for late submission of any company tax returns still outstanding that would be liable to the second penalty between 1 April 2020 and 5 June 2020. If the returns are still outstanding at 5 June 2020 the second penalty will then be issued.

Individual personal Income Tax returns

Paper tax returns to individual taxpayers for the year ended 5 April 2020 last month, were issued a month late, on 6 May 2020.

Acknowledging this delay, the deadline for the submission of personal income tax returns before the imposition of any penalty will be extended from 6 October 2020 to 6 November 2020, whether the return is submitted online or in paper format.

Companies Registry

Companies Registry revised the filing deadlines for filing periods as follows:

The initial filing period for submitting a document for registration before a late filing fee of £100 becomes payable has been increased from 1 month and 1 day to 3 months and 1 day. 

The subsequent filing period, where the increased late filing fee of £250 becomes payable is increased from 3 months and 1 day to 5 months and 1 day.