The deadline for filing your 2018/19 self-assessment tax return online was 31st January 2020. The deadline for paper tax returns was 31st October 2019.
In some very rare situations, HM Revenue and Customs (HMRC) may give you a different filing date for your tax return. But otherwise, it is not usually possible to get an extension to the filing deadline.
Regardless of how you filed your tax return, any outstanding tax should have been paid by 31st January 2020.
What are the penalties for late tax returns?
If HMRC asked you to complete a tax return for 2018/19 and you miss the deadline, you will automatically be fined regardless of whether you're just one minute late or how small your tax liability is.
The penalties for filing your self-assessment tax return late are currently as follows:
- 1 day late – Automatic fixed penalty of £100. This applies even if you have no tax to pay or you have paid the tax you owe on time.
- 3 months late – £10 per day up to a 90 maximum of £900.
- 6 months late – £300 or 5% of the tax due, whichever is higher.
- 12 months late - £300 or 5% of the tax due, whichever is higher. In serious cases, you may even be asked to pay up to 100% of the tax due instead.
These penalties are in addition to one another, so the minimum late filing penalty for a tax return that is 12-months late will be upwards of £1,600 depending on the tax liability.
There are plans to overhaul the penalty system and make it similar to how driving licences work, i.e. a points-based system.
My tax return is overdue, what should I do?
Firstly you need to consider if the tax return is required or if you have a legimate reason for the delay:
Cancelling a tax return
If you think you are not required to submit a tax return, you should telephone HMRC and request the tax return be withdrawn. If HMRC agrees, you no do not need to file a return and any penalties issued for missing the deadline should be cancelled.
Remember to note down who you spoke to and when, what outcome is expected and when you will receive their decision.
HMRC is unlikely to withdraw a return if you have been self-employed at any point during the tax year – even a very short time will count. Typically, you will only have two years from the end of the tax year for which the return is due to request its withdrawal, but it's always better to deal with your tax affairs swiftly.
If you have a good reason for the delay, you may be able to appeal against the penalty.
HMRC lists several common examples of Reasonable Excuses on its website.
- Your partner or another close relative died shortly before the tax return or payment deadline
- You had an unexpected stay in hospital that prevented you from dealing with your tax affairs
- You had a serious or life-threatening illness
- Your computer or software failed just before or while you were preparing your online return
- Service issues with HMRC online services
- A fire, flood or theft prevented you from completing your tax return
- Postal delays that you couldn’t have predicted
- Delays related to a disability you have
What's unlikely to be reasonable excuse?
The following aren’t usually accepted as a reasonable excuse:
- you relied on someone else to send your return and they didn’t
- your cheque bounced or payment failed because you didn’t have enough money
- you found the HMRC online system too difficult to use
- you didn’t get a reminder from HMRC
- you made a mistake on your tax return
HMRC also revealed some of the most outlandish excuses it received here.
If you've missed the deadline, file your tax return as quickly as possible
If the tax return can't be withdrawn and you don't have a good excuse, the next best thing is to file your tax return as soon as is practical – even if you can't afford your tax bill yet. As you've seen, the late filing penalties will increase the longer the delay.
How long do I have to change my tax return?
If you make a mistake on your tax return, you can amend it but you must make your changes by 31st January 2021 for a 2018/19 self-asssessment tax return.
How we can help
One of the best ways to make sure your tax return is completed correctly and on time is to contact us and we will be happy to help.
We can also request a tax return be withdrawn and help you with a Reasonable Excuse claim to give you the best chance of appealing successfully.
If you’d like to know more about tax returns, or any other tax-related matter, please call us on 0800 0523 555 or us our online contact form.
By Jo Nockels FCCA
Last updated February 2020
Disclaimer: The information provided is based on current guidance (at date of publication) from HMRC and may be subject to change. Any advice shared here is intended to inform rather than advise. Taxpayer's circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this information, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.