Penalties for late self-assessment tax return filing
Mon, 01 Feb 2010 14:24:00
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There is an automatic penalty of £100 for late filing, but the penalty is capped by the amount of tax outstanding i.e. you will not have to pay the full £100 if you owed less than that amount in tax on 31 January; and if you owe nothing on that date, you will not be charged any penalty. Furthermore, if HMRC accept you have a reasonable excuse, perhaps they didn’t provide a UTR within their promised service deadline; you may also avoid the late filing penalty. Contact us if you have a self assessment tax problem.  |
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