eprivateclient

HMRC 'sees sense' and removes late penalty on tax returns

Katie Royals, 26/01/2021

HMRC has “at last seen sense” and agreed not to penalise customers for late tax returns if they file by 28 February.

While over 8.9 million Britons have already filed their tax returns, those still left to file will not face late penalties if they miss the original 31 January deadline. However, individuals are still being encouraged to file by 31 January if they can.

“The move is gratefully received by taxpayers and agents alike who have been under increased pressure this year due to delays and pressures caused by the pandemic,” said Rebecca Durrant, partner and national head of private clients at Crowe UK.

...

Continue reading this article...


Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@eprivateclient.com


About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM

Subscribers

eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.

Read more