Late Penalty/Fine Self Assessment Tax Return to HMRC Calculator

Late Penalty/Fine Self Assessment Tax Return to HMRC Calculator

Self assessment
Were you self-employed as a ‘sole trader’ and earned more than £1,000 (before taking off anything you can claim tax relief on) ?
Were you a partner in a business partnership ?
Did you receive any income from savings, investments and £10,000 dividends ?
Did you have a total taxable income of more than £100,000 ?
Did you receive any foreign income ?
Did you receive any tips and commission ?
Did you have to pay the High Income Child Benefit Charge ? (Did you earn an income over £50,000)
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What happens if you are late with self assessment tax return?

If your payment is made after the due date, or if you settle your tax bill late, please be aware that additional charges will apply. Late payments incur interest charges. For Self Assessment tax returns that are overdue by more than 3 months, and for any late payments, you can use our online tool to estimate your penalty.

In certain circumstances, if you have a valid and reasonable excuse for the delay, you have the option to appeal against the penalty.


How much does HMRC charge for late tax return?

Within 3 months after the filing date: £100 penalty.
More than 3 months after the filing date: £200 penalty, which supersedes the initial £100 charge.


Will HMRC waive late filing penalty?

If HM Revenue and Customs (HMRC) or the Tribunal acknowledges that you have a “reasonable excuse” for your late filing, the entire penalty will be waived. It is important to note that the ‘reasonable excuse’ must be applicable for the entire duration from the missed filing deadline up to just before the actual submission of the return.


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