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