- Created: Wednesday, 12 January 2022 09:02
Self-Assessment Filing & Late Payment Penalty Extension
HMRC have announced that tax payers will not receive an automatic late filing penalty providing their tax return is filed by 28 February 2022.
In addition HMRC also announced that whilst the tax payment deadline remains 31 January 2022, taxpayers will not be charged a 5% late payment surcharge provided their tax is either paid in full, or they make a Time to Pay arrangement, by 1 April 2022.
However Interest will still be charged at 2.75% on any payments not made by 31st January 2022.