Monday, 25 January 2021

No Self Assessment late filing penalty for those who file online by 28 February

HMRC has today confirmed that taxpayers who cannot file their self-assessment tax return by the 31st January 2021 deadline will not receive a late filing penalty if they file online by 28th February.

However taxpayers are still obliged to pay their bill by 31st January. Interest will be charged from 1st February on any outstanding liabilities.

Taxpayers who cannot afford to pay their tax bill on time can apply online to spread their bill over up to 12 months, but they will need to file their 2019 to 2020 tax return before setting up a time to pay arrangement.

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