It can happen to the best of us. You file your Self Assessment tax return to HMRC before the deadline and then realise that you made a mistake on one of the forms. Luckily, HMRC has devised a simple process to help you correct errors on a tax return that you’ve already filed.
How to correct an error if you filed your tax return using HMRC’s portal
If you filed online
If you filed your tax return using HMRC’s online portal, you can correct the error by signing in to the portal with your Government Gateway user ID and password and navigating to 'Your tax account'.
From there, navigate to 'Self Assessment account' and then 'More Self Assessment details' > 'At a glance' > 'Tax return options'.
Choose the tax year of the Self Assessment tax return that you want to edit. Make the necessary corrections to the tax return and then file it again.
If you filed using pen and paper
If you filed your tax return to HMRC using pen and paper, you’ll need to print a new tax return form and mark the corrections clearly, using the instructions on HMRC’s website. You should then send the corrected tax return to HMRC in the post.
How to correct an error if you filed your tax return using FreeAgent
If you filed your tax return using FreeAgent and find that you need to create or amend any transactions, please speak to an accountant first.
Once your accountant has advised whether you should make any corrections, you can unlock the tax return in FreeAgent, make the changes in line with HMRC’s guidance and then re-file your amended tax return to HMRC from FreeAgent. Your accountant can also do this on your behalf.
Alternatively, your accountant might recommend that you make adjustments to account for the errors in the following tax year.
How soon can you amend a mistake in a filed tax return?
You can tackle an error on a filed tax return as soon as you notice it. There is, however, a deadline for correcting any mistakes: one year after the online filing deadline of the tax return that you want to correct.
If you discover that you made a mistake on your 2019/2020 tax after you file it to HMRC, your deadline for correcting any mistakes will be 31st January 2022, one year after the online filing deadline of 31st January 2021.
If you miss this deadline, you can still contact HMRC directly to explain the error.
Filing your 2019/20 tax return
The deadline for filing your 2019/20 Self Assessment tax return is 31st January 2021. However, HMRC has confirmed that it will only issue late filing penalties for 2019/20 Self Assessment tax returns that are submitted after 28th February 2021. Please note that the deadline for paying your 2019/20 tax bill is still 31st January 2021 and no extensions to the payment deadline have been made.
If you’d like an award-winning accounting software system to help you keep next year’s tax return on track, try a 30-day free trial of FreeAgent.
Disclaimer: The content included in this blog post is based on our understanding of tax law at the time of publication. It may be subject to change and may not be applicable to your circumstances, so should not be relied upon. You are responsible for complying with tax law and should seek independent advice if you require further information about the content included in this blog post. If you don't have an accountant, take a look at our directory to find a FreeAgent Practice Partner based in your local area.