Readers who have not yet filed their 2019-20 self-assessment tax return for 2019-20 have less than one month to do so. The online filing deadline is 31 January 2021.
Could clients reading this article, who have not supplied all the information we have requested to complete their outstanding 2019-20 returns, please contact us with any missing information without delay. We are now entering that period of ground-rush where the deadline approaches at ever increasing speed.
Initially, late filing – after 31 January 2021 – will trigger a penalty of £100. After three months this increases to a daily penalty of £10 for a maximum of 90 days. Followed by further penalties beyond this period.
There are excuses for...