Home / Self Assessment Tax Return Penalties

Updated on : 10-Nov-2024   06:38 PM GMT | 4 min read

Penalties for Late Filing of Self Assessment Tax Return or Tax Bill Payment

In case you missed the deadline of filing tax return or paying a tax bill to HMRC, you are liable to pay penalty of £100 (in case your tax return is up to 3 months late). If the time period is more than 3 months, you need to pay more & may be you charged with interest on late payments too. In case you are having reasonable excuse, you can appeal against the penalty imposed by HMRC.

Note – In case tax return is submitted late by the partnership firm, penalty will be charged from all the partners.

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