Late Filing of Income Tax Return - What Are The Consequences?

HMRC may charge you different penalties for your UK self-assessment tax return. The first penalty if for lat filing to HMRC and the second penalty is for the lat payment of tax to HMRC.

In this video you will learn about
- What happens if you are late filing your self assessment tax return to HMRC
- How much will you pay if you are late filing your self assessment tax return
- What is the process to let HMRC know that you have received buy to let property income
- HMRC Late Tax Return Penalties

#HMRC #Tax #Property

[flumpaustin]

HMRC wrote to me, letter dater 9th Nov saying I owe a late payment fee and needs to be paid by 11th Nov. I've only just received the letter. Thry say they may change me interest if I pay late. This is so unfair as when I last checked, my account said I owe £0, after I paid a late capital gains tax, they sent me bills relating to this in dribs and drabs. Why don't they just calculate the whole amount owed andxsend one bill? They certainly know how to confuse people.

[gatekeeperboxing]

I'm waiting to see what is going to happen to me, I missed 2020/21, 2021/22, 2022/23, just registered for Self Assessment on 4th October.