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When is tax due?

Late issued self assessment

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If HMRC have issued a 2019/20 tax return this month, so it has a filing deadline of 29 Jul 2021, what is the tax payment date?  Is that still in the past on the original date of Jan 21? Just trying to establish whether there will be various late payment penalties and interest, or whether they would not be due given that the return isn't technically late as it's only just been issued. Thanks

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By Mr_awol
27th Apr 2021 10:27

You say they have issued is late - but why was that? Presumably you didn't tell them that you needed on, they didn't know, and you may be facing a later notification penalty.

Depending on the circumstances, you may or may not end up with a late filing penalty, albeit with another name, and potentially at a higher amount. I'm expecting a couple for which i believe i have valid reasons for appeal but i will deal with that if/when the penalties come in.

If you are getting an accountant to prepare your Return, ask them about the penalty position too.

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Replying to Mr_awol:
By Duggimon
27th Apr 2021 10:33

I believe you have misidentified BudgetB who I'm reasonably sure is an accountant.

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Replying to Mr_awol:
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By BudgetB
27th Apr 2021 10:40

Yes, the client was late 'noticing' that they had taxable income. I presume that late payment penalties would exist as though the return was issued/due at the correct time but just wanted to check as couldn't see an answer anywhere.

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By lesley.barnes
27th Apr 2021 10:40

I completed three late self assessments in Feb 2021 from 2017-18, 2018-19 and 2019-20. The due date was three months after the returns were issued. The client paid them as soon as they were submitted. The client hadn't told HMRC that they had rental income to declare. There were no late filing penalties but interest was charged on the tax owed.

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Replying to lesley.barnes:
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By BudgetB
27th Apr 2021 10:50

That's interesting. Just interest, or interest and late payment penalties? Was there a reason for completing the returns rather than doing a LPC disclosure?

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By lesley.barnes
27th Apr 2021 11:12

Just interest no penalties. I originally did a LPC disclosure online and a couple of weeks after the disclosure went in HMRC sent the client notices to file SA instead with three months to file.

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Replying to lesley.barnes:
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By rmillaree
27th Apr 2021 11:17

I would say hmrc can be sneaky with those damn 5% late payment surcharges - they often don't turn up until 6-8 weeks after everything else has been done and dusted - so hopefully if they would have turned up by now they will have turned up by now but i would never presume that its not hmrc simply being slow to issue them. It does seem to be rather random that with late sa notifications that clients do sometimes get way with stuff we wouldnt expect them to ref hmrc not always penalising as they have the right to.

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By frankfx
27th Apr 2021 12:11

Lesley Barnes

Please kindly let us know if penalties are eventually levied, in the case you highlighted.

Thank you

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Replying to frankfx:
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By lesley.barnes
27th Apr 2021 12:19

I had a look before I replied and there are no penalties on the account at the moment. I will let you know if anything turns up at a later date.

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By lesley.barnes
27th Apr 2021 10:41

Apologies double post.

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