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Deadlines and Penalties: Personal self-assessment tax return submissions and tax payments

Abul Nurujjaman, 


Deadlines and Penalties


Penalties for both failed to submit the tax return and failed to pay the tax bill. This system started from year 2010/11 onwards. Register for Self-assessment: You should register by 5 October. Paper tax returns: 31 October. Online tax returns: Midnight 31 January


Pay the tax you owe: Midnight 31 January


Payment on account: 31 July is an additional payment deadline if you pay in advance towards your tax bill.


Late Filing:


Missing filing deadline, Midnight 31 January- Penalty £100


3 months late, not filed by midnight 30 April- Daily penalty starts from 1 May- Additional penalty of £10 per day for up to 90 days (£10*90) £900.


6 months late, Not filed by midnight 31 July – Further Penalty of £300


12 months late- Not filed by midnight 31 January- Further Penalty of £300


If you self-assessment tax return was not submitted by the deadline 31 January, you incur £100 penalty. And it is still outstanding on the following year 31 January which means your return is 1 year (12 months late), your total penalty would be a total of £1600.



Please CONTACT US to submit your tax return on time.


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Disclaimer: The information provided in this blog is brought to you by Taj Accountants. As you are reading this blog of your own free will, any information taken from this blog is at your risk. Before using the information provided to apply, to your business seek professional or legal advice.Taj accountants will not be liable for any damages.

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