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What happens if you miss the Self-Assessment deadline?

Late filing of the Self-Assessment deadline automatically triggers penalties from HMRC. The law requires you to pay a £100 penalty immediately when you miss a single day of filing deadline. Further penalties of £10 will be levied by HMRC for each day after three months that passes (up to £900 maximum). you must pay either a late surcharge worth £300 or 5% of your total tax obligations when submission is made after six months. Your taxes will continue to generate interest from the time you delay paying them. In case of exceptional circumstances that delay your submission you can petition HMRC for protection. Using a valid self-assessment plan or hiring professional assistance can help you avoid penalties that might occur when you file late.

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patrick william

29分钟前

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