Self Assessment tax returns
Penalties
You바카라 사이트檒l get a penalty if you need to complete a tax return and you:聽
- send your return late聽
- pay your tax bill late聽
You can estimate your penalty聽for late Self Assessment tax returns and payments.聽
If you register for Self Assessment late聽
If you register after 5 October and do not pay all of your tax bill by 31 January, you바카라 사이트檒l get a 바카라 사이트榝ailure to notify바카라 사이트� penalty.聽聽
This penalty is based on the amount still left to pay and you바카라 사이트檒l receive it within 12 months after HMRC receive your Self Assessment tax return.聽
You can find more information on 바카라 사이트榝ailure to notify바카라 사이트� penalties.
If you send your tax return late聽
You바카라 사이트檒l get the following late filing penalties:聽
- an initial 拢100 penalty聽
- after 3 months, additional daily penalties of 拢10 per day, up to a maximum of 拢900聽
- after 6 months, a further penalty of 5% of the tax due or 拢300, whichever is greater聽
- after 12 months, another 5% or 拢300 charge, whichever is greater聽
To avoid this, send your Self Assessment tax return as soon as possible.聽
All partners will be charged a penalty if a partnership tax return is late.
If you pay your tax late聽
You바카라 사이트檒l get penalties of 5% of the tax unpaid at:聽
- 30 days聽
- 6 months聽
- 12 months聽
You바카라 사이트檒l also be charged interest on the amount owed. To avoid this, pay your Self Assessment tax bill聽as soon as possible.聽
Find out what happens if you do not respond to HMRC or refuse to pay what you owe.聽
Paying a penalty聽
You must pay within 30 days of the date on the penalty notice. Find out how to pay a penalty.
If you disagree with a penalty聽
If you have a reasonable excuse, you can appeal against a penalty.