No penalty for late filing of 2019-20 tax returns, when sent by 28 February 2021
25 January 2021
HMRC has confirmed that, where Self-Assessment customers miss the filing deadline for their 2019-20 tax return, no penalty will be issued in scenarios where they file online by 28 February 2021. However, HMRC is still advising those individuals who have not yet filed to do so by 31 January 2021, if they are able to.
They are still required to pay their Self-Assessment tax bill by 31 January 2021, and interest will be charged on any outstanding liabilities from 1 February 2021, but if they cannot afford to do pay the bill in full, then they could potentially set up a plan that is more affordable, and pay in monthly instalments. 2019-20 tax returns will need to be filed before the option of setting up a time to pay arrangement is made available. Payments can be made online, via a bank, or by post, prior to filing.
Further information regarding the payment of Self-Assessment tax bills is available online.
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