.png)
.png)
More than 10 743 000 individuals submitted their 2019-20 self-assessment tax returns by the 31 January deadline considerably fewer than the record 11 122 967 taxpayers who filed on time last year.
HMRC has reiterated that the remaining 1.8 million taxpayers whose tax return is now late will not be charged a late filing penalty as long as they submit their form online by 28 February.
A return received online in February will be treated as a return received late. As a result:
- there will be an extended enquiry window;
- for returns filed after 28 February the other late filing penalties will operate as usual;
- the payment deadline remains 31 January and interest will be charged on late payment; and
- a 5% late payment penalty will be charged if tax remains outstanding and a payment plan has not been set up before 3 March 2021 – further late payment penalties...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
