3rd February 2021 / Tax

Still not filed your self-assessment tax return?

There has been some good news from the HMRC. Due to the coronavirus (COVID-19) pandemic, if you missed the 31st of January deadline to submit your self-assessment tax return, you’ll not get a late filing penalty as long as you submit your online return by 28 February.

You'll still need to pay your tax bill and they will charge interest on any amounts owed, calculated from the 1st of February if your payment is late. You'll also be charged a late payment penalty if you haven’t paid in full by the 2nd of March.

You are able to pay your self-assessment tax bill in instalments if you are having difficulty paying but to avoid a late payment penalty you need to have agreed that with them by the 2nd of March.

It's been an unusual year for lots of people it's great that the HMRC have listened and are helping those that are behind on their returns.

Geoff Selby

We are accountants based in West Bridgford, Nottingham who help clients right across the UK. If you're struggling to complete your self-assessment tax return we can help you too. Get in touch.

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