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UK Providing More Help for Self Assessment Taxpayers

22 February 2021

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Approved Changes

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United Kingdom

UK HMRC announced on 19 February 2021 that more help is being provided for self assessment taxpayers, including relief from the 5% late payment penalty if taxes are paid or a payment plan is set up by 1 April 2021. --- More help for Self Assessment taxpayers Self Assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set up a payment plan by 1 April 2021, HM Revenue and Customs (HMRC) has announced. The payment deadline for Self Assessment is 31 January and interest is charged from 1 February on any amounts...