Commentary

A8.102 Self assessment and coronavirus (COVID-19)—2020/21 tax year

Administration and compliance

A8.102 Self assessment and coronavirus (COVID-19)—2020/21 tax year

A8.102 Self assessment and coronavirus (COVID-19)—2020/21 tax year

HMRC has announced a number of coronavirus-related measures in relation to self assessment.

The measures that relate to the 2020/21 tax year are discussed below. For the measures in relation to the 2019/20 tax year, see A8.102A. For the measures in relation to the 2019/20 tax year, see A8.102B.

Overview of the 2020/21 measures

The following coronavirus-related measures apply in relation to self assessment tax returns for the 2020/21 tax year:

  1.  

    •     late filing penalties will not be charged for any 2020/21 returns filed by 28 February 2022

  2.  

    •     late payment penalties will not be charged for any tax due in relation to the 2020/21 tax year that is either paid by 1 April 2022 or where a payment plan was set up by 1 April 2022

These measures are discussed further below.

Late filing penalties for the 2020/21 tax return

On 6 January 2022, HMRC confirmed that it will waive late filing penalties for all 2020/21 returns filed before 1 March 2022.

This means that as long as the 2020/21 return is filed by 28 February 2022, no £100 late filing penalty will be issued.

The penalty waiver applies to all self assessment tax returns submitted online, including partnership returns and trust returns, and those self assessment returns that needed to be filed on paper as there was no facility for electronic submission (ie non-resident company income tax returns and trustees of registered pension schemes returns)1.

While this is a relief for advisers, it is still necessary to

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