1.8 Million Late Self Assessment Filers Get Last Chance
Nearly 2 million Brits have missed the Self Assessment tax return deadline – but there’s good news. If you file online by 28 February, HMRC won’t slap you with a late filing penalty.
Interest and Penalties Loom for Unpaid Taxes
If you missed the 31 January deadline to pay your tax bill, interest is already piling up on what you owe. To avoid a nasty 5% late payment penalty, pay off your balance or arrange a payment plan by 3 March 2021.
Can’t file your return yet? Pay an estimate ASAP to reduce interest and penalties. Self-employed taxpayers can use the handy calculator on 123 to find the official site. Be suspicious of calls, texts, or emails claiming HMRC can offer financial help or refunds – they might be scams. Check GOV.UK to spot genuine HMRC contact.
