Late tax payment

I received my statement from HMRC in August- which was after the 31 July when the payment was actually due! Will I now be charged penalties and interest?

1st September 2011

If you received your self assessment statement in August- after the deadline of 31 July had passed- then you will not be charged penalties or interest.

HM Revenue & Customs (HMRC) issued a statement admitting that there were such a large number of statements that they would be unable to issue them during July as normal.

As a result, HMRC have advised taxpayers who received their statements in August to settle their bills as soon as possible and if their payments are received before 27 September, they will not charge interest.

If you would like any more tax advice, please feel free to contact your local TaxAssist Accountant.

By Jo Nockels

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.

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