31 January Self-Assessment deadline and filing penalties – update

Further to the technical news item dated 19 January, HMRC have today (25 January) announced that they will not be issuing penalties if the return is filed online on or before 28 February 2021. Whilst this announcement is much later than we had hoped, we welcomed it in a joint press release issued by the CIOT and ATT This easement applies only to the initial £100 late filing penalty.

We have also received a further letter from Jim Harra which can be read here.

‘31 January Self-Assessment deadline and filing penalties, and HMRC helplines’ dated 19 Jan 2021