Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Penalties waived as long as 2020-21 self-assessment returns are filed by 28 February

10 January 2022
Issue: 4823 / Categories: News

HMRC will waive late filing and late payment penalties for self-assessment taxpayers as long as they file their 2020-21 return and pay any tax due by 28 February. This in recognition of the pressure experienced this year by taxpayers and their agents.

Under the waiver anyone who cannot pay their self-assessment tax by the 31 January deadline will not receive a late payment penalty if they pay their tax in full or set up a time-to-pay arrangement by 1 April.

Importantly the deadline to file and pay remains 31 January 2022 so other claims and elections usually made through the tax return will need to be submitted by that date. In addition HMRC confirms that interest will be payable from 1 February as usual so it is still better to pay on time if possible.

HMRC’s time-to-pay service gives individuals or...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

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.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon