HMRC has announced that it has scrapped the late filing penalty for those who do not file their return by the 31st January.
Taxpayers will not receive a penalty for their online tax return if they file by 28 February, but they are encouraging anyone who has not yet filed their tax return, to still do so by 31 January, if possible. Anyone who cannot file their return by the 31 January deadline will not receive a late filing penalty if they file online by 28 February.
However, the 31 January deadline is important for paying any tax due. Taxpayers will still have to pay interest and, possibly, surcharges, where tax is paid after the 31st January.
Call our office now to ensure you do not receive an unexpected bill.