• Login
  • Join
  • Access Problems
  • Status
GRL Landlord Association
  • Coronavirus
  • Home
  • Pricing
  • Subscribers
  • Services/Discounts
  • Forms
  • Recent
  • Contact
  • Find Answers
    • England Guidance
    • Wales Guidance
    • Housing Changes Timeline (E/W)
    • Admin/Tech Support
    • Search Website
    • Weekly Digest (Subscribe)
  • Ask a Question
    • Ask Question
    • View Questions
    • Your Q & A Activity (from Sept 2020)
Select Page

Self-Assessment Deadline Extended

by guildy | 4 Feb 2021 | Coronavirus COVID-19, News, Tax (England), Tax (Wales)

Self-assessment deadline penalty waived

HMRC is setting aside the automatic £100 penalty for missing the self-assessment filing deadline for hundreds of thousands of taxpayers due to the COVID-19 pandemic.

More than 1.8 million taxpayers who missed the deadline on January 31 now have until midnight on Sunday, February 28 to make their self-assessment filing for 2019-20.

Thanks to an eleventh hour decision by HM Revenue & Customs, anyone struggling to complete their return on time can blame the coronavirus pandemic as a ‘reasonable excuse’ for late filing.

But COVID-19 is no excuse for not paying any tax due on January 31.

HMRC still expects taxpayers to settle their bills and will apply interest to any outstanding payments.

However, taxpayers can spread the payments, providing they owe less than £30,000 and do not have any other active tax debt repayment scheme.

Time to pay applications must be made before the end of March. The scheme covers income and capital gains taxes.

More than 42,000 taxpayers have already signed up for the service to manage tax bills totalling almost £130 million.

“We want to encourage as many people as possible to file on time even if they can’t pay their tax straight away, but where a customer is unable to do so because of the impact of Covid-19 we will accept they have a reasonable excuse and cancel penalties, provided they manage to file as soon as possible after that,” said an HMRC spokesman.

We have more information about tax for England and Wales.

Coronavirus Guidance

View now ...

Discounted landlords buildings insurance

Landlords Building Insurance

Guild subscribers can get preferential rates for landlords buildings insurance especially designed for landlords

Read more ...

Tenant Referencing Service

Tenant Referencing

Tenant Referencing Service

Read more ...

Recent Articles

  • Budget 2021: Tax Hike Traps Corporate Landlords 04/03/2021
  • Delayed Landlord Law Amended Before Coming Into Force 02/03/2021
  • Guild of Landlords House Prices Digest – February 2021 25/02/2021
  • Tenant Spotted Keeping Goat in Flat 24/02/2021
  • Guild of Landlords Rent Digest – February 2021 23/02/2021

Navigation

  • Coronavirus
  • Home
  • Pricing
  • Subscribers
  • Services/Discounts
  • Forms
  • Recent
  • Contact
  • Find Answers
    • England Guidance
    • Wales Guidance
    • Housing Changes Timeline (E/W)
    • Admin/Tech Support
    • Search Website
    • Weekly Digest (Subscribe)
  • Ask a Question
    • Ask Question
    • View Questions
    • Your Q & A Activity (from Sept 2020)

Subscribers

  • Login
  • Join
  • Access Problems
  • Status

Terms

General terms and conditions

Website terms

Privacy policy

Status

Status

(c) Guild of Residential Landlords

Recent Articles

  • Budget 2021: Tax Hike Traps Corporate Landlords 04/03/2021
  • Delayed Landlord Law Amended Before Coming Into Force 02/03/2021
  • Guild of Landlords House Prices Digest – February 2021 25/02/2021
  • Tenant Spotted Keeping Goat in Flat 24/02/2021
  • Guild of Landlords Rent Digest – February 2021 23/02/2021
  • Facebook
  • Twitter
  • RSS