As a result of Covid continuing to screw things up, HMRC has announced that self assessment taxpayers will get an extra month to file their tax returns without incurring a fine. However, interest will still accrue.
While the waiving of penalties means taxpayers won’t receive a late filing penalty if they file online by 28 February (and payments by 1 April), HMRC is continuing to encourage agents and taxpayers to file before the 31 January deadline as interest will still be payable from 1 February, as usual.
Angela MacDonald, HMRC’s deputy chief executive and second permanent secretary, said:
“We know the pressures individuals and businesses are again facing this year, due to the impacts of Covid-19.
Our decision to waive penalties for one month for Self Assessment taxpayers will give them extra time to meet their obligations without worrying about receiving a penalty.”
HMRC has estimated that there are still 5.7m tax returns outstanding.
Tax does have to be taxing.
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For once, a sensible decision by this much-maligned organisation.
ReplyDeleteGiven the impact of government decisions across the private sector part of the economy, coupled with HMRC's service standards continuing to be somewhat under par, did they have any other choice?
During the breathing space Covid-19 has afforded this organisation, what with all the working from home and not answering phone calls and the rest, what measures have they instituted that will genuinely improve their service?
Ps. Congratulations to Joanna Rowland, Director General of HMRC, for her gong in the New Year's Honours list. She joins other illustrious people to receive recognition from the system, including former HMRC CEOs Jon Thompson and Lin Homer, Tony Blair, Fred Goodwin and Jimmy Saville.
Nearly caught me out with your final paragraph. Wasn't until I saw JS's name I realised you were being sarcastic. Agree that none deserve any recognition for the destruction they each caused.
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