Earlier this week, HMRC announced that customers will not receive a late filing penalty for completing their 2019-20 tax return after 31 January, as long as they file online by 28 February.
We are still encouraging customers to file by 31 January, if they can, as this will help to budget and plan for your January payment.
You’ll still need to pay your Self Assessment tax bill by 31 January.
Interest will be charged from 1 February on any outstanding liabilities. If any tax remains outstanding on 3 March, you’ll be charged a late payment penalty of 5% of the amount still due.
If you have any questions contact us today and speak to one of our friendly and experienced members of staff.
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