HM Revenue and Customs
No Self Assessment late filing penalty for those who file online by 28 February
Self Assessment customers who cannot file their tax return by the 31 January 2021 deadline will not receive a late filing penalty if they file online by 28 February.
Self Assessment customers will not receive a penalty for their late online tax return if they file by 28 February, HM Revenue and Customs’ (HMRCs’) Chief Executive Jim Harra has announced.
More than 8.9 million customers have already filed their tax return. HMRC is encouraging anyone who has not yet filed their tax return to do so by 31 January, if possible.
Submitting.
People who are unable to file their self assessment return by 31 January will not receive a late filing penalty, provided they submit the online return by 28 February.
However, taxpayers are still obliged to pay their bill by 31 January, and interest will be charged from 1 February on any outstanding liabilities.
Filing late usually results in an initial £100 penalty, followed by further potential charges. This is sometimes waived if a customer has a reasonable excuse for filing late.
HMRC has said that people with tax bills of more than £30,000, or who need longer than 12 months to pay their bill, can phone to discuss their payment options.