I have a client for whom SA1 has been submitted (3 days ago) but we have not yet received a UTR and I think are unlikely to before 31 January.
I know that a late notification penalty is inevitable, but if we don't file the tax return by 31 January will they also get a late filing penalty? Or do we have 3 months from the date that HMRC then issue a notice to complete a return, which I assume they will do at the same time as issuing a UTR?
Thanks in advance
Replies (3)
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You have three months from being required
to submit a return, and that's paper or electronic as well
I think that it is just the late notification penalty, provided that the tax return is filed within 3 months of issue.
I would not say that a penalty is inevitable. Unlike late filing penalties it requires human intervention to raise it.
And the penalty is tax-geared by reference to the amount of tax outstanding on 31 January 2015. So even if a penalty were in the offing, the taxpayer has some control over the amount.
Making a payment without a UTR has some practical issues, but quote the NI No when paying.
With kind regards
Clint Westwood
Penalty
In years of working in tax I have yet to see a late notification penalty. I understand that providing the tax is paid by the due date of 31 January a late notification penalty will not be charged.
There will be no late filing penalty providing the Return is submitted within three months of the date of issue.