Earlier this week, HMRC announced that there would be no late filing penalty for Self-Assessment (SA) customers who file online by 28th February 2021. The late filing penalty easement applies to forms SA100 (individual tax returns) however, SA returns filed by paper in February will not benefit from the easement.
HMRC has also confirmed its position in relation to other Self-Assessment returns:
- A late filing penalty will be waived for forms SA700 (Non-resident Company Income Tax Return) and SA970 (Tax Return for Trustees of Registered Pension Schemes) that are filed before the February deadline. These returns will need to be filed by paper as there is no online alternative.
- For forms SA800 (Partnership Tax Return) and SA900 (Trust and Estate Tax Return) the late filing penalty will be waived if the return is submitted online. As the paper deadline for these returns was 31st October 2020, any paper filings received will not benefit from the late filing penalty easement.
The late filing penalty easement does not apply to any other Self-Assessment obligations that are not mentioned above. HMRC are reminding people that their tax bills still need to be paid by 31st January 2021.
