Penalties

You鈥檒l get a penalty if you need to complete a tax return and you:听

  • send your return late听
  • pay your tax bill late听

You can estimate your penalty听for late Self Assessment tax returns and payments.听

If you register for Self Assessment late听

If you register after 5 October and do not pay all of your tax bill by 31 January, you鈥檒l get a 鈥榝ailure to notify鈥� penalty.听听

This penalty is based on the amount still left to pay and you鈥檒l receive it within 12 months after HMRC receive your Self Assessment tax return.听

You can find more information on 鈥榝ailure to notify鈥� penalties.

If you send your tax return late听

You鈥檒l get the following late filing penalties:听

  • an initial 拢100 penalty听
  • after 3 months, additional daily penalties of 拢10 per day, up to a maximum of 拢900听
  • after 6 months, a further penalty of 5% of the tax due or 拢300, whichever is greater听
  • after 12 months, another 5% or 拢300 charge, whichever is greater听

To avoid this, send your Self Assessment tax return as soon as possible.听

All partners will be charged a penalty if a partnership tax return is late.

If you pay your tax late听

You鈥檒l get penalties of 5% of the tax unpaid at:听

  • 30 days听
  • 6 months听
  • 12 months听

You鈥檒l also be charged interest on the amount owed. To avoid this, pay your Self Assessment tax bill听as soon as possible.听

Paying a penalty听

You must pay within 30 days of the date on the penalty notice. Find out how to pay a penalty.

If you disagree with a penalty听

If you have a reasonable excuse, you can appeal against a penalty.