- 4th January 2021
- Posted by: Suzy Hill
- Category: Personal Tax, Business News
Don’t forget to file your self assessment tax return
The deadline for submitting your 2019/20 self assessment tax return is midnight on 31 January 2021.
The only exception to this rule is if you received a notice from HMRC to make an online tax return after 31 October 2020. In this case, you have three months from the date of issue to submit your return.
Those who are late in submitting their return face a penalty of £100, even if there is no tax to pay, or if the tax has been paid on time. Additional penalties are due for continued late payments and late filing.
More than 700,000 taxpayers filed their returns on 31 January 2020, and 958,296 taxpayers missed the deadline completely.
Meanwhile, 3,003 taxpayers filed their returns on Christmas Day in 2019, and another 9,254 submitted them on Boxing Day. HMRC said that the peak hour for filing on Christmas Day was between 12pm and 1pm, when 245 returns were submitted.
We can help with all aspects of self assessment, including filing returns on your behalf. Please contact us.