HMRC has confirmed that the deadline for those filing their 2019-20 Self-Assessment tax returns online has been extended from 31 January 2021 to 28 February 2021. Taxpayers will not receive an automatic £100 late filing penalty if they file their 2019-20 return online by 28 February 2021.
However, it is important to be aware that the deadline for tax payments has not been extended and remains at 31 January 2021. Therefore, taxpayers should still make payment of their liabilities by 31 January 2021, if possible, to avoid incurring late payment interest.
Taxpayers who are not able to make full payment of any liabilities owing by 31 January 2021 may be able agree a ‘Time to Pay’ arrangement with HMRC (though please note that late payment interest will still be charged if this is agreed). The 2019-20 tax return must be submitted before applying to HMRC for a Time to Pay arrangement.
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