Self-Employed: File tax returns now to prevent penalties | Newry Times

Posted by
editor@newrytimes.com
Thursday, February 25th, 2021
Business

Self Assessment taxpayers have less than one week to submit their late tax returns to prevent a £100 penalty, HM Revenue and Customs (HMRC) has urged.

 

File tax returns now to prevent penalties - Newry Times - Newry business news

 

While 10.7 million taxpayers filed their return by 31 January, more than 1.5 million taxpayers missed this deadline and are still to file their tax return.

 

 

They are accruing interest on any unpaid tax liabilities but still have time to file and pay without incurring penalty charges.

Taxpayers have until 28 February to file their return and prevent a Late Filing Penalty of £100.

And those who owe tax have until midnight on 1 April to pay any outstanding tax or set up a payment plan to prevent a 5% Late Payment Penalty.

 

Is your blog or news page gathering dust? Northern Ireland freelance copywriter Paul Malone - Tall Paul Marketing

 

Jim Harra, HMRC’s Chief Executive explains, “Self Assessment taxpayers have until 28 February to file their tax returns and prevent being charged a £100 late filing penalty.

“Tax returns submitted during February have missed the 31 January Self Assessment deadline and are late.

“I’m urging anyone who is still to complete their return to not put it off any longer risking penalties and further interest on their outstanding liabilities.

 

 

“Support is available on GOV.UK for anyone worried about how to complete their tax return or how to pay their tax bill.”

HMRC has delayed late filing and late payment penalties this year for Self Assessment taxpayers to help anyone who may be struggling because of the coronavirus pandemic.

Anyone who is worried about paying their tax can set up a payment plan online or contact HMRC for more help and support on 0300 200 3822.

Be aware of copycat HMRC websites and phishing scams.

 

 

Taxpayers should search ‘self-assessment’ on GOV.UK to get the correct link for their Self Assessment tax return online securely and free of charge.

They also need to be alert if someone calls, emails or texts claiming to be from HMRC, saying that they can claim financial help, are due a tax refund or owe tax. It might be a scam.

Check GOV.UK for information on how to recognise genuine HMRC contact.

 

Keep up to date with all the latest Northern Ireland Coronavirus / Covid-19 news HERE.

 

Both comments and pings are currently closed.

Comments are closed

-->

This website does not share personal information with third parties nor do we store any information about your visit other than to analyze and optimize your content and reading experience through the use of cookies. You can turn off the use of cookies at anytime by changing your specific browser settings.

We are not responsible for republished content from this blog on other blogs or websites without our permission. This privacy policy is subject to change without notice and was last updated on 16/01/2017. If you have any questions feel free to contact Newry Times by emailing editor@newrytimes.com

Log in