Household Bills
File tax returns by 1 May or face tougher fines, says HMRC
This penalty is in addition to the initial £100 late-filing penalty for missing the 31 January filing deadline.
For paper returns, daily penalties started on 1 February, as they were due by the earlier deadline of 31 October.
Taxpayers are being advised to not send in paper returns now, as it will trigger an amount equal to, or close to, the maximum daily penalty charge of £900.
Further penalties of at least £300 can also be incurred (or 5% of the tax due, whichever is higher) will be issued for returns that are 6 and 12 months late.
Anyone who’s received a late-filing penalty, hasn’t yet sent a return, but thinks they don’t need to be in Self Assessment, should call HMRC on 0845 900 0444.
If HMRC agrees, the return and any penalty will be cancelled.
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