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Search results: 5 article(s) found in topic: Self assessment - keyword: Penalties

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Missed the filing deadline - is a penalty avoidable?

If you missed the 31 January deadline for self-assessment HMRC will fine you £100 and more if you continue to delay. It will cancel the penalty if you have a reasonable excuse but if you don’t have one is there another way to dodge a fine? More...


HMRC’s new self-assessment tool

HMRC has launched an online tool which allows you to check if you need to submit a tax return for 2017/18. It’s easy to access, simple to use but very misleading. What’s the full story? More...


What’s the right way to report an error to HMRC?

If you’ve overlooked income you should have declared to HMRC or made a mistake in your or your company’s tax return, you need to put it right. Should you just send a letter explaining the position or is there a better alternative? More...


Disagreeing with HMRC’s computer

Surprisingly, the First-tier Tribunal has ruled in favour of a taxpayer who claimed to have submitted her tax return online despite HMRC proving that she had not. What was the reason for the decision? More...


Avoiding late payment penalties

These days HMRC is taking a tougher line where self-assessment payments are paid late. What penalties can you expect if you don’t pay on time and is there a way to avoid them if you can’t afford to pay? More...
Last updated: 28.05.2020

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