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Self Assessment 31st January Deadline. – Late filing penalty.

With the 31st January deadline looming, in these uncertain times, many accountants and clients around the UK were beginning to panic.

We are therefore happy to report HM Revenue & Customs have today announced there will be no late filing penalty for returns filed before 28th February. – https://www.gov.uk/government/news/no-self-assessment-late-filing-penalty-for-those-who-file-online-by-28-february .

Whilst we do still recommend completing and filing your returns by the 31st January deadline, as interest will be charged on any liabilities due in this month’s grace, it will bring a welcome sigh of relief to thousands around the country.

With this in mind, it is not too late. For advice and a consultation on your personal tax return and more, give us a call or drop as email. We’re here to help.