Tax Return Late Filing Penalties

Today HMRC has announced that Self Assessment customers will not receive a penalty for filing their 2019-20 tax return late, as long as they file online by 28‌‌ ‌February. Whilst encouraging tax payers who have not yet filed to do so by 31‌‌ ‌January, if possible.

You still need to pay your Self Assessment tax bill by 31‌‌ ‌January. Interest will be charged from 1‌‌ ‌February on any outstanding liabilities. You can pay online, or through your bank, or by post before you file.

If you cannot afford to pay by 31‌‌ ‌January, you may be able to set up an affordable plan and pay in monthly instalments. But you will need to file their 2019-20 tax return before setting up a time to pay arrangement.

More information is available on GOV.UK.

If you are struggling to get your tax return filed, please do contact us as early as you can so that we can file your return as soon as possible!