In a letter to the CIOT, HMRC has confirmed that it has no plans to waive late filing penalties for online self-assessment tax returns due by 31 January 2021. However, penalties will not be imposed where filing on time was not possible because of the impact of Covid-19, and HMRC will accept pandemic-related personal or business disruption as a reasonable excuse (including pandemic-related delays on the part of agents). HMRC will also extend the penalty appeal period to 30 days PLUS 3 months.
In a letter to the CIOT, HMRC has confirmed that it has no plans to waive late filing penalties for online self-assessment tax returns due by 31 January 2021. However, penalties will not be imposed where filing on time was not possible because of the impact of Covid-19, and HMRC will accept pandemic-related personal or business disruption as a reasonable excuse (including pandemic-related delays on the part of agents). HMRC will also extend the penalty appeal period to 30 days PLUS 3 months.
