HMRC concedes on penalties for late self-assessment
For weeks tax experts have been pressuring HMRC to scrap penalties for late filing of 2019/20 self-assessment tax returns. Until now HMRC has refused. Today it’s made a partial concession. What’s the full story?
The pressure has been mounting on HMRC and the government to give a general amnesty for taxpayers who submit their 2019/20 self-assessment tax return online later than the usual filing deadline of 31 January 2021. HMRC hasn’t gone that far but has agreed that anyone who can’t file their return by the deadline won’t receive a late filing penalty if they file online by 28 February.
In its statement, HMRC hasn’t mentioned the penalties charged for those who were late submitting their 2019/20 paper self-assessment tax return which was due by 31 October. We’ll have to wait to see if it decides to retrospectively cancel some or all of them.
The announcement doesn’t change any statutory right to have a late filing penalty canceled if the taxpayer have a reasonable excuse for submitting their tax return after the deadline. This means if anyone can’t file your return by 28 February they still have the right to appeal against the £100 penalty that HMRC will automatically issue.
Related Topics
-
MONTHLY FOCUS: BUSINESS AND AGRICULTURAL PROPERTY RELIEF: WHAT DO THE NEW IHT RULES MEAN FOR YOU?
The inheritance tax treatment of businesses and farms changed fundamentally from 6 April 2026. The amount that can qualify for 100% business property relief and agricultural property relief is now capped, potentially leaving families with a significant tax bill for the first time. What has changed, and what should business owners and farmers be doing about it?
-
Already paid CGT? Don't pay it twice through Self Assessment
Taxpayers completing their 2025/26 Self Assessment return may need to include capital gains that have already been reported separately to HMRC, together with any capital gains tax (CGT) already paid. How could this lead to a double payment?
-
HMRC moves tax return registration into the digital age
A new and improved self-assessment registration service has been launched. What's changed?
This website uses both its own and third-party cookies to analyze our services and navigation on our website in order to improve its contents (analytical purposes: measure visits and sources of web traffic). The legal basis is the consent of the user, except in the case of basic cookies, which are essential to navigate this website.