HM Revenue and Customs (HMRC) has extended the deadline for those completing their self-assessment tax returns.

HMRC’s chief executive Jim Harra announced customers will not be fined for their late online tax returns, provided they are filed by 28 February.

Taxpayers must still pay their bill by 31 January and interest will be charged from 1 February on any outstanding amounts owed.

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“We want to encourage as many people as possible to file their return on time, so we can calculate their tax bill and help them if they can’t pay it straight away,” Harra explained.

“But we recognise the immense pressure that many people are facing in these unprecedented times and it has become increasingly clear that some people will not be able to file their return by 31 January.

“Not charging late filing penalties for late online tax returns submitted in February will give them the breathing space they need to complete and file their returns, without worrying about receiving a penalty. We can reasonably assume most of these people will have a valid reason for filing late, caused by the pandemic.”

Click here for more information on the government's website


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