Breaking News
- HMRC announced at 15:00 today very generous offering for Self Assessment “customers”.
- They will not be charged the initial 5% late payment penalty if:
- they pay their tax or
- make a Time to Pay arrangement by Thursday 23:59 1 April 2021.
- The payment deadline for Self Assessment was 31 January 2021
- Interest would have been charged from 1 February on any amounts outstanding.
- The deadline was not changed.
- But this year, because of the impact of COVID 19, HMRC is giving taxpayers more time to pay or set up a payment plan.
- Payment plans or payments in full must be in place by midnight on 1 April to avoid a late payment penalty.
- HMRC recognises the pressure affecting customers due to the pandemic, and anyone worried about paying their tax should contact HMRC for help and support on 0300 200 3822.
- The self-serve Time to Pay facility allows customers to spread the cost of their tax liabilities into monthly instalments until January 2022.
- Customers can set up a payment plan online, directly with HMRC.
- Self Assessment customers who have yet to file their tax return should do so by 28 February to avoid a late filing penalty.