Daily late filing penalties from 1 May 2019

Taxpayers who missed the 31 January 2019 deadline for 2017/18 SA tax returns should have already been issued with an automatic £100 penalty by HMRC, although the penalty notices have been issued late this year.

From 1 May, daily penalties of £10 will apply up to a maximum of 90 days (£900). From 1 August the late filing penalty is levied at 5% of tax due of £300 if higher. If any tax is outstanding at this date, the late payment penalty is charged at 5% of unpaid tax.

Interest also applies on unpaid tax and unpaid penalties, so we are urging taxpayers to submit and pay any outstanding returns and liabilities.

If you would like help in completing your tax return or any issue relating to your personal tax affairs, please contact [email protected] or call 01527 558539. Please see our website for further information on our personal tax services or take a look at the HMRC site for more details on your personal tax obligations.

Daily late filing penalties

Daily late filing penalties