News & Important Dates
Self Assessment Payment Deadline
HMRC are reminding self-assessment (SA) taxpayers that they have until 1 April 2021 to pay any outstanding tax liabilities in full or set up an online payment plan to avoid a 5% late payment penalty charge.
There is no change to the payment deadline and other obligations are not affected. This means that:
•the payment deadline remains 31 January 2021 and interest will be charged on late payment. The current rate of late payment interest is 2.6%; and
•a 5% late payment penalty will be charged if tax remains outstanding, and a payment plan has not been set up, by midnight on 1 April 2021. Further late payment penalties are charged at six and 12 months (August 2021 and February 2022 respectively), on tax outstanding where a payment plan has not been set up.
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