In a letter responding to a call from ICAS and other professional bodies to waive late filing penalties, HMRC has said that it does not currently have plans to do so.
The letter states that the request has been carefully considered but that the message regarding SA is simple.
- HMRC encourages customers to complete their returns by 31 January 2020 even if they can’t pay in full because filing their return is key to crystallising their SA liability and being able to get support, if they need it, to pay their tax.
- No-one will have to pay a penalty if they cannot file on time because of the impact of the COVID-19 pandemic.
If you need help filing your tax returns on time, get in touch to find out how Defacto FD can help.
