HMRC waives late filing tax return penalties

by Richard Hattersley
For the second year running, HMRC is waiving late filing penalties on tax returns for one month as the Covid pandemic continues to wreak havoc on the capacity of agents.

HMRC has announced that self assessment taxpayers will get an extra month to file their tax returns without incurring a fine, although interest will still accrue.

The news comes as rising Covid cases have squeezed capacity levels of accountancy firms and taxpayers, with self isolation rules and sickness causing strain for many in meeting the 31 January deadline.

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