Tax Return Deadline – 31 January 2021

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Unfortunately the Government have not delayed the Tax Return deadline therefore penalties for late submission will still apply.

If you haven’t already returned your tax return questionnaire then we cannot guarantee that your tax return will be completed by 31 January.

If your tax return is completed and been sent to you for signing then please return to us ASAP so that we can submit to HMRC on your behalf well before the deadline.

Please be aware that if the deadline is not met HMRC will issue filing penalties, every year we try our best to make sure our clients don’t fall foul of these.


HMRC will charge an initial penalty of £100 if your tax return is filed after 31 January 2021.

Additional penalties for continuing failure to submit the return will be charged.

Late payment of tax

For balancing payments due on 31 January HMRC will charge the following penalties if tax is paid late:

  • A 5% penalty if the tax due on 31 January is not paid within 30 days (the ‘penalty date’)
  • A further 5% penalty if the tax due on 31 January is not paid within 5 months of the penalty date (i.e. by 31 July)
  • Additionally, there will be a third 5% penalty if the tax due on 31 January is not paid within 11 months of the penalty date (i.e. by the following 31 January).

These ‘late payment’ penalties are in addition to the interest that is charged on all outstanding amounts, including unpaid penalties, from due date to date of payment.

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