Share this content
24

Late Filing penalties suspended until 28th Feb

Didn't find your answer?

Just received an email from HMRC now.  No automatic penalty as long as the return is filed by 28th Feb.

Is this old news, or is this genuinely new?  I thought they were still applying and we had to appeal.

Replies (24)

Please login or register to join the discussion.

avatar
By 2003bluecat
25th Jan 2021 14:14

It was posted on their Twitter account at 13:30.

I wonder what the implications for the SEISS grant will be. I assume they will still charge interest on any late payments (although for most that will be minimal).

Still, will help us a little, given we got somewhat behind due to all the additional work we were doing in the summer.

Thanks (0)
avatar
By mbee1
25th Jan 2021 14:14

Looks like it will be automatic without an appeal. However, the tax is still due by 31 January 2021 and interest will be charged on tax paid late.

Thanks (2)
Replying to mbee1:
avatar
By Paul Crowley
25th Jan 2021 14:28

And probably late payment penalty as well
Because that is a different button that they have yet to be instructed to press

Thanks (1)
Replying to Paul Crowley:
A Putey FACA
By Arthur Putey
25th Jan 2021 16:37

Late payment penalty only applies after 30 days? Probably factored into their thinking.

Thanks (0)
blue sheep
By NH
25th Jan 2021 14:17

absolutely ridiculous that they have waited until the last week to announce this, but I have a feeling SEISS4 will bring in the 19/20 numbers but only if they have been filed

Thanks (3)
Replying to NH:
avatar
By Paul Crowley
25th Jan 2021 14:29

Concur
A risk not to file for self employed even if it is rubbish

Thanks (0)
avatar
By Hugo Fair
25th Jan 2021 14:28

Full quote from Alison Walsh (Head of Digital Communication Services at HMRC):

"Today HMRC has announced that Self Assessment customers will not receive a penalty for filing their 2019-20 tax return late, as long as they file online by 28 February. We are still encouraging customers who have not yet filed to do so by 31 January, if possible.

Customers still need to pay their Self Assessment tax bill by 31 January. Interest will be charged from 1 February on any outstanding liabilities. Customers can pay online, or through their bank, or by post before they file.

If any customer cannot afford to pay by 31 January, they may be able to set up an affordable plan and pay in monthly instalments. But they will need to file their 2019-20 tax return before setting up a time to pay arrangement."

No idea how that 3rd para is meant to operate if you haven't filed by 31st Jan!

Thanks (1)
avatar
By fawltybasil2575
25th Jan 2021 14:30

Jim Harra wrote to the accountancy bodies, only DAYS ago, rejecting their request for a postponement of the 31 January 2021 deadline. I shall leave other members to comment:)

Basil.

Thanks (2)
avatar
By Donald MacKenzie
25th Jan 2021 14:34

Pleased they have announced this now.
Particularly pleased it was not announced weeks ago or the usual late clients would have stretched our January bulge into February.
I have one return that is likely to be late. Client lost job when firm went into liquidation late 2019 and has no P45. Had monies from Insolvency Service and has not retained the paperwork. Took two part time jobs and has moved home. I can now tell him to relax.

Thanks (2)
By michaelbeaver
25th Jan 2021 14:36

This was the outcome I was hoping for. Not to 31st March as I would have preferred, but this is certainly enough to be very helpful for us.

After my previous posts, where I thought there was zero chance of us being able to make 31st January, we're actually now in pretty good shape thanks to some tough grafting.

Still, it would have been nice to know this beforehand as I could have actually enjoyed my Christmas rather than working through. But here we are.

Thanks (2)
avatar
By hdave42
25th Jan 2021 14:42

Does anyone know if this also applies for SA700 returns?

Thanks (0)
avatar
By Mr_awol
25th Jan 2021 15:08

I think it's new.

An hour ago they shared it on their FaceBook page.

Three hours ago they put up a reminder that 'now is the time to act' and the deadline is 31 Jan.

Thanks (0)
avatar
By the_fishmonger
25th Jan 2021 15:09

michaelbeaver wrote:

Is this old news, or is this genuinely new? 

A Google search for the phrase below, then following the gov.uk link, will take you to their press release.

"No Self Assessment late filing penalty for those who file online by 28 February"

Thanks (0)
avatar
By memyself-eye
25th Jan 2021 15:20

nice that they're thinking of their 'customers'

Thanks (0)
avatar
By JD
25th Jan 2021 15:29

Waiting until the last minute before stepping back is their normal modus and of very little benefit now.

If I was being emotive, its good to know that HMRC regard the completion of tax returns as more important than the lives of accountants and their staff.

Thanks (1)
Replying to JD:
avatar
By norstar
25th Jan 2021 16:08

Totally agree with this. It illustrates perfectly the utter contempt that we are obviously held in by HMRC.

Thanks (0)
By ireallyshouldknowthisbut
25th Jan 2021 15:59

Four day early.

Lunchtime Friday would have been much more useful in terms of motivating the hand sitters to out of their slumber and finally signing the pages we sent 'em before Xmas etc.

Thanks (0)
avatar
By norstar
25th Jan 2021 16:07

Unacceptable. Unsupportive. Unappreciative.

This is the low point in my relationship with HMRC over 22 years.

Jim Harra wrote to the ACCA on 18th December saying there was no current intention to suspend penalties.

We have worked mornings, afternoons, evenings and Saturdays to get our clients done on time.

Now this.

A kick in the teeth.

No respect for the profession. No respect for the people who make things tick and support both the taxpayer and HMRC.

I'm just so deflated. Not quite sure how it goes from here.

Thanks (2)
John Stokdyk, AccountingWEB head of insight
By John Stokdyk
25th Jan 2021 16:12

Thanks for alerting the community Michael and for all the responses.

Richard Hattersley has just posted a news article rounding up the technical details (such as they are) and responses from pro bodies and accountancy firms:
https://www.accountingweb.co.uk/tax/hmrc-policy/hmrc-suspends-sa-late-fi...

Some of your comments have been included too, all echoing the sentimetns above.

Thanks (1)
A Putey FACA
By Arthur Putey
25th Jan 2021 16:40

After 28 Jan I don't want so see another personal tax return until October. I doubt I'll get to live that particular dream though.

Thanks (1)
Replying to Arthur Putey:
avatar
By memyself-eye
25th Jan 2021 18:25

I will: 2 months, 5 days 6 hours and 33 seconds to go.
It's always 33 seconds. Funny that.

Thanks (0)
avatar
By jpf1101
25th Jan 2021 20:01

Assume this applies to SA800 and SA900 too?

Will definitely help me. Ex colleague and mentor of mine has had COVID since Christmas and was already behind. I had to try and step in to sort his practice's backlog of SA returns. Today's email was very welcome.

Thanks (1)
Replying to jpf1101:
blue sheep
By NH
25th Jan 2021 20:14

And this is the point right here. I have been guilty of thinking we are ok as luckily all staff have been well and we are actually further ahead than normal years, however if one of us had been ill over the last month we really would have struggled. How many practices out there are in that position.

Thanks (1)
Share this content