Self-assessment tax payers may be faced with late payment interest due to receiving incorrect payment reminders from HMRC, says accounting, tax and advisory firm Blick Rothenberg.
HMRC’s software currently has an issue resulting in some taxpayer accounts not showing details of payments on account due, meaning the reminders that are received may be incorrect.
Despite this being HMRC’s error, if taxpayers do not make their payment on account on time they could be subject to late payment interest of 3.25 percent on the unpaid amount.
Many taxpayers in self-assessment have to make tax payments by 31 Janu...