-
-
Recent Posts
-
-
Chancellor Kwasi Kwarteng announces his ‘mini-budget’ with major tax cuts
-
Key points of October 2021 Budget from the Chancellor’s Autumn Budget and Spending Review
-
Self-Employment Income Support Scheme (SEISS) fourth grant – Applications must be made by 1 June
-
New Stamp Duty rates for non-UK residents
-
Highlights of 2021 Spring Budget announced by Chancellor of the Exchequer Rishi Sunak
-
Make a Time to Pay arrangement or pay tax by 1st April to avoid Self Assessment Late Payment Penalties
-
New rules for business travellers, cash declarations and on social security following UK’s exit from Europe.
-
No late filing penalty for Self Assessment 2019-20 tax return filed until 28th February.
-
Are you affected by coronavirus ‘reasonable excuses’ to meet Self Assessment deadline 31 Jan?
-
New lockdown grants to support retail, hospitality and leisure businesses worth up to £9,000 per property
-
CJRS (Furlough scheme) has been extended to end of April 2021
-
NHS & Healthcare workers tax refunds – Claim tax relief for your job expenses now.
-
Self-Employment Income Support Scheme (SEISS) third grant up to £7500: Applications now open
-
Spending Review 2020 – National Living Wage will increase & NHS Doctors and nurses will get a pay rise.
-
-
No Comments
HMRC has said that it’ll accept coronavirus-related ‘reasonable excuses’ for missing the filing deadline. If coronavirus has affected someone in either their personal or business life, HMRC will accept that as a ‘reasonable excuse’ for missing the 31 January filing deadline.
A reasonable excuse is something that stopped you meeting a tax obligation that you took reasonable care to meet. These reasonable excuses for missing some tax obligations can be on tax payments or filing dates.
When you miss the Self Assessment filing deadline, HMRC can issue an automatic £100 penalty. After that, you could be charged £10 for each further day it’s late, up to a maximum of £900. If you still haven’t filed your return after three months, HMRC will apply additional penalties.
You can appeal against some penalties if you have a reasonable excuse, for example for your return or payment being late. Explain how you were affected by coronavirus in your appeal. You must still make the return or payment as soon as you can.
As mentioned, this will be on a case-by-case basis, and it doesn’t mean that penalties will be waived automatically.
So if you miss the deadline, you’ll still get a penalty that you’ll need to appeal – although HMRC has extended the penalty appeals period to three months and will make the process easier as per reports.
Ultimately, if you’re able to fill in your Self Assessment tax return by 31 January, it’s important you do it sooner rather than later.
James Jose
23. January, 2021.
Very pleased by Maatmann, very friendly, amazing service at great price.
Herve Rolland
19. October, 2020.
Maatmann is a very ethical and supportive accounting firm ideal for small businesses. They have provided me with great accounting and tax advice as well as being very responsive when I had questions. I would recommend them to any small businesses.
Joseph Mathew
14. October, 2020.
I am very pleased by Maatmann Accountants. They offer amazing service at a great price. They are very friendly and will explain small business accounting questions step by step to make sure your business is going in the right direction. I am very happy that I found their office. They saved me not only money, but time. A place to get things accounted. Thank you, again for the excellent service.
Thomas Mathew
13. October, 2020.
Maatmann Accountants are very good they Keep My accounting records of my company prepare Company Tax Return to work out how much CT to pay they sort my self assessment on time , Best part is that you don’t have to go to there office every thing is online, I received prompt service from them, I Recommend them for your Tax related Jobs .
Aloysius Mathew
7. October, 2020.
Maatmann Accountants have been providing exceptional services for all my account work since last few years. They have been managing my personal assessment and maintaining my business accounts. prompt, reliable, quick response to my queries. I recommend them to anyone who wants help with accounting and tax. great experience!
Tags: Corona Virus, Reasonable Excuses, Self Assessment, Tax Return
Categories: Business Support, Coronavirus Scheme, Money & Taxes, Self Assessment, Work & Jobs
Categories: Business Support, Coronavirus Scheme, Money & Taxes, Self Assessment, Work & Jobs
