Late Filing Penalties


Important Announcement -These penalties will still be payable even if you do not owe any tax

Your online tax return must reach HMRC by midnight on 31 January, if it doesn't, you are subject to the new penalties set out by HMRC as follows.

1 day late - Fixed penalty of £100
up to 3 months late -£10 per day up to a 90 day maximum of £900
up to 6 months late - £300 or 5% of the tax due, whichever is the highest
up to 12 months late - £300 or 5% of the tax due, whichever is the highest. In serious cases you may have to pay 100% of the tax due.

At each stage of the penalty you will have to pay that cost and also the previous one as well.

Mrs A's tax return is due on 31 January 2012 but HMRC don't receive it until 5 August 2012.

It is over six months late so she will have to pay all of the following:

  • £100 fixed penalty
  • £900 penalty - this is £10 each day from 1 May to 29 July, when the maximum 90 day penalty is reached.
  • £300 or 5 per cent of the tax due - whichever is the higher
Added By: Luke Noble on 03rd Jan 2012 - 14:49
Last Updated: 03rd Jan 2012 - 14:52

Number of Views: 1795
Got A Question?

If our news items leave you with a question you need answering, let us know using one of the following:

  1. Call us on 01252 522221
  2. Email us
  3. Use our enquiry form
  4. Use the comments form below

We're happy to help.