• Helen White

Self assessment late filing daily penalties to be waived

HMRC will not charge daily penalties for late filing of 2018/19 tax returns due to the coronavirus pandemic.

Daily penalties will not be charged where someone has been late filing their 2018/19 self assessment tax return. HMRC says that this is in recognition of the exceptionally difficult circumstances many taxpayers faced due to the impact of the COVID-19 pandemic.

However, the 6 and 12 month penalties will be charged as usual for late 2018/19 tax returns.

Daily penalties are usually charged at £10 per day for each day the return is more than three months late, for a maximum of 90 days. A further penalty of £300 (or 5% of the tax due if greater) is charged when a return is six months late and again when the return is 12 months late.

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