Self Assessment Deadline

file your self assessment extra time added to deadline

Leeway for Late Self Assessment Filing

HMRC has announced that Self Assessment customers will not receive a penalty for filing their 2019-20 tax return late, as long as they file online by 28th‌‌ ‌February. 

Those who have not yet filed are still encouraged to do so by the 31st‌‌ ‌January, if possible. But some leeway has been introduced to allow for late filing due to the caused by the impacts of the Covid-19 lockdowns.

You will still need to pay your Self Assessment tax bill by 31‌‌st ‌January.

Interest will be charged from 1st‌‌ ‌February on any outstanding liabilities. You can pay online, or through your bank, or by post before you file.

If anyone cannot afford to pay by 31st‌‌ ‌January, they may be able to set up an affordable plan and pay in monthly instalments. But they will need to file their 2019-20 tax return before setting up this time to pay arrangement.

More information is available on GOV.UK

Of course, if you need additional support and advice, or if you’d prefer an accountant to file your accounts for you, give us a call or send us a quick message using the book an appointment button at the top of this website.

Share this post via:

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on whatsapp

Leave a Reply