Whilst the deadline for submitting your 2020/21 tax return is 31 January 2022, there are some benefits to dealing with this sooner rather than later: 1. If you are self-employed and made a trading loss, there are various options available for offsetting the loss against other income, including carrying the loss back to earlier years. There is more flexibility if you are in the early years of trading or ceased trading in 2020/21. This claim can result in a tax refund pay