I've missed the Self Assessment filing deadline – what penalties could I face?
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Late filing penalties for Self-Assessment Tax Returns can run in to £1,000s even when there is no additional tax liability owed to HMRC.
Every year HMRC receive millions in late filing penalties from taxpayers.
Late filing penalties can only be appealed against when a taxpayer has so called “reasonable excuse”. As you’ll see from HMRC’s commentary, the circumstances for ‘reasonable excuse’ to apply are fairly restrictive.