Announced by HMRC on 25th January 2021 :

Penalties will not be charged for late filing of 19-20 Self Assessment. Self assessment must be filed online by 28‌‌ ‌February.  Any filed after 28th February 2021 will have a penalty to pay.

The Self Assessment tax bill is still due by 31‌‌ ‌January. Interest will be charged from 1‌‌ ‌February on any amounts outstanding. HMRC accepts payments online, or through their bank, or by post before they file.

If you cannot afford to pay by 31‌‌ ‌January, an affordable plan could be set up for payment in monthly instalments. The 2019-20 tax return will need to have been filed before setting up a time to pay arrangement. To see if you qualify read more : Self Assessment customers to benefit from enhanced payment plans – GOV.UK (www.gov.uk)

Would you like help with your bookkeeping, VAT, CIS, payroll or self assessment? Please do not hesitate to contact me on 07771 333324 or email me jo@barnowl-bookkeeping.co.uk. I am registered bookkeeper specialising in manufacturing. Based in King’s Lynn enables me to cover Swaffham, Wisbech, Downham Market, Fakenham and the North Norfolk Coast.