No £100 fine for late self-assessment if it is made before February 28th- but taxes due will still be hit with interest.
Form SA100 – Self Assessment Tax Return The SA100 form, the HMRC Self-Assessment Tax Return, covers income, capital gains, student loans, interest, and pensions. If declaring capital gains or losses, mark box 7 on the SA100 and include the SA108 form, the Capital Gains Summary. On page...
You don't need to be an expert to complete your self assessment tax return. Find Out More Example: quarterly VAT accounting period If you submit your VAT return quarterly, but have been late three times, you’ll have three penalty points. If you’re late again you’ll get another penal...
You don't need to be an expert to complete your self assessment tax return. Find Out More 3. What if I’m contacted by HMRC about income from online sales?HMRC sends thousands of “nudge letters” each year, encouraging recipients to report income they haven’t paid tax on. If...