HMRC has issued correspondence that sets out its policy
decision not to charge individuals and businesses daily penalties for late
filing of 2018/19 tax returns. This is in recognition of the exceptionally
difficult circumstances many taxpayers are in as a result of the coronavirus
pandemic.
The mandatory six-month and 12-month penalties will continue to
apply for 2018/19 returns as normal. HMRC will accept coronavirus as a reasonable excuse
for missing return deadlines.
HMRC has issued correspondence that sets out its policy
decision not to charge individuals and businesses daily penalties for late
filing of 2018/19 tax returns. This is in recognition of the exceptionally
difficult circumstances many taxpayers are in as a result of the coronavirus
pandemic.
The mandatory six-month and 12-month penalties will continue to
apply for 2018/19 returns as normal. HMRC will accept coronavirus as a reasonable excuse
for missing return deadlines.
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