Self-Assessment Tax Returns - No Late Filing Penalty Until 28th February
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HMRC recognised that there would be an
increase in late filing of self-assessment tax returns due to the coronavirus pandemic
and therefore updated
their guidance to state that they would not be issuing
fines for late self-assessment tax return submissions until 28th February 2021.
However, the deadline of 31st January
remained for payments and any late payments will incur interest at 2.6%.