We agree to get your accounts in on time, or we will pay the fine!
Self Assessment Late Payment Charges
As the Self Assessment deadline has now passed; HMRC will begin to start issuing penalty notices to those clients who did not meet the legal requirement to file their returns on time.
A fixed penalty of £100 will be due for all returns which were outstanding at 31 January 2015. This penalty is no longer reduced where the liability is lower than this or where a repayment is due.
HMRC will also start to add £10 daily penalties up to a maximum of 90 days where the return remains outstanding after 3 months.