is there penalty for late filing of SA400 & SA401?

is there penalty for late filing of SA400 & SA401?

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hi 

Does anybody know if there are penalties for late filing of SA400 & SA401 (and what are the deadlines if any)? The partners have been self-employed for many years if it makes a difference. Thanks.

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By tax for fun
05th Oct 2012 21:15

Would all under the failure to notify provisions

If they are already in Self assessment and they have declaired all their income and paid class 2 ni then not sure that there would actually be a penalty as there would not be any tax loss to the revinue.  As no SA400 has been filed then no partnership returns can have been filed so each partner will have late filing penalties if late.  Deadline is 31 October following tax year I believe, but if you get in by Jan ollowing tax year I do not think ay penalty would be charged.

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