Monthly Archives: January 2021

No Penalties for Late Tax Filing Till February

The Self-Assessment tax deadline is fast approaching. Taxpayers needs to pay their Self-Assessment tax bill by this Sunday, the 31st of January. However, in a welcome acknowledgement of the struggles of business trying to cope with the coronavirus lockdown, HMRC announced yesterday that those who miss the deadline will not receive a late filing penalty if they file their tax return by 28 February. Taxpayers are still encouraged to file… Read Article →