Late filing and late payment penalties are to be waived for one month for Self Assessment taxpayers.
It was announced yesterday that the deadline to file and pay remains 31 January 2022. The penalty waivers will mean that:
• anyone who cannot file their return by the 31 January 2022 deadline will not receive a late filing penalty if they file online by 28 February 2022
• anyone who cannot pay their Self Assessment tax by the 31 January 2022 deadline will not receive a late payment penalty if they pay their tax in full, or set up a Time to Pay arrangement, by 1 April 2022
Interest will be payable from 1 February 2022, as usual, so it is still better to pay on time if possible.
For more information, please visit https://www.gov.uk/government/news/hmrc-gives-self-assessment-taxpayers-more-time-to-ease-covid-19-pressures
