HMRC has recently announced that they will be waiving late penalty and late payment fees for tax payers filing self-assessments returns until the 28 February due to Covid-19 pressures. However, the deadline to file self-assessment returns will remains 31 January and HMRC advises that returns are filed in advance of the deadline.
The penalty waiver will account for those who:
As stated above HMRC advise that all should still aim to pay self assessment tax and file returns by the 31 January 2022. Interest will be payable from 1 February 2022 as usual.
If you require any further information, please do reach out to your BDO contact.