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The taxman is giving self assessment tax-payers an extra month to file their tax return for 2020/21, extending the deadline for late filing penalties until the end of next month.
HM Revenue and Customs (HMRC) said that Covid-19 is affecting the capacity of some people to meet their obligations in time for the January 31 deadline, and announced that anyone who cannot file their return by January 31 will not receive a late filing penalty, provided they file online by February 28.
Self assessment tax-payers also have the option to set up a time to pay arrangement - a service which allows people or businesses to spread their tax payments over time.
Self assessment tax-payers with up to £30,000 of tax debt can do this online once they have filed their return.
Just over half of those who are due to submit their return by the January 31 deadline have already done so according to HMRC, who stressed that anyone who can file their tax return by the original Jan 31 deadline should do so.
It is the second year in a row that HMRC has extended the deadline for late filing penalties amid the Covid-19 pandemic.
The taxman is giving self assessment tax-payers an extra month to file their tax return for 2020/21, extending the deadline for late filing penalties until the end of next month (stock pic)
Anyone who cannot file their return by January 31 will not receive a late filing penalty, provided they file online by February 28.
