Self assessment – late filing penalty suspended

Today 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 28‌‌ ‌February.

We would still encouraging you to file by 31‌‌ ‌January, if possible.

You still need to pay their Self Assessment tax bill by 31‌‌ ‌January. Interest will be charged from 1‌‌ ‌February on any outstanding liabilities. You can pay online, or through their bank, or by post before you file.

If any you cannot afford to pay by 31‌‌ ‌January, you may be able to set up an affordable plan and pay in monthly instalments. But you will need to file your 2019-20 tax return before setting up a time to pay arrangement.