HMRC has announced Self Assessment customers will not receive a penalty for their late online tax return if they file by 28.02.21
HMRC is encouraging anyone who has not yet filed their tax return to do so by 31 January, if possible. However, HM Revenue and Customs’ Chief Executive Jim Harra has announced Self Assessment customers will not receive a penalty for their late online tax return if they file by 28 February 2021.
Normally, late filing penalties are applied to all returns filed after the 31 January deadline. Those penalties are cancelled if the customer has a reasonable excuse for filing late. However, this year HMRC is not issuing late filing penalties for a month to help taxpayers and agents who are unable to meet the deadline. Late filing penalties will not be issued for online tax returns received by 28 February.
Taxpayers are still obliged to pay their bill by 31 January. Interest will be charged from 1 February on any outstanding liabilities. Customers can pay online, or via their bank, or by post before they file. More information on how to pay is at GOV.UK.
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