For the first time, HMRC have announced that it will not penalise anyone who does not file their online tax return by 31 January 2021. Instead, the £100 penalty will be applied if the return is not filed by 28 February 2021.
Any tax is still due by 31 January and interest will be charged from 1 February on amounts outstanding at that date. Taxpayers experiencing cashflow difficulties can apply online for time to pay over a 12 month period. But before any arrangement can be set up the 2019/20 tax return must be filed.
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