Self-Assessment – 2019/20 Late filing and payment penalties reminder

Apr 28, 2021 | Blog


HMRC Self-Assessment – REMINDER of Late Filing Penalties & Late Payment Interest/Surcharges 

If you have not submitted your tax return for the year to 5 April 2020 (which was due for submission on or before 28th February 2021), HMRC will already have charged the initial £100 late filing penalty at the end of February 2021 and further daily penalties of £10 per day will apply from 30 April 2021 if your return remains unfiled.

Late payment penalties also apply and with effect from 1st April 2021 HMRC will charge a 5% surcharge on unpaid amounts as well as interest chargeable at 2.6% per annum from 1 February 2021.

If you haven’t submitted your tax return and made payment of your tax liability for 2019/20, we would suggest you do so as soon as possible in order to prevent the accrual of further penalties and interest.

If you are unable to make full payment immediately, we would suggest you contact HMRC’s payment helpline on 0300 200 3822 immediately to make a payment arrangement, which may help limit future surcharges.

If you want to talk anything through, don’t hesitate to contact us.



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