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Self-Assessment late filing penalties

HMRC have announced that Self Assessment taxpayers will not receive a late penalty for their online tax return if they file before 28th February.

Taxpayers are still obliged to pay their bill by 31 January. Interest will be charged from 1 February on any outstanding liabilities.

Taxpayers who cannot afford to pay their tax bill on time can apply online to spread their bill over up to 12 months.

Source: GOV.UK

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