13:39 PM, 27th January 2021, About A year ago 4
Turmoil at HMRC has led to them announcing that this year they are extending the 31st January filing deadline until the 28th of February and there will be no late filing penalties as long as returns are submitted online before the new date.
An example of this turmoil at HMRC is shown by a Property118 landlord client who formed an ordinary Partnership in April 2019. His accountants requested a Partnership UTR (Unique Tax Reference) back in June 2020, well within the required deadlines of the 5th October and to date, there has still been no UTR issued by HMRC.
The Partnership tax return for the 2019/20 tax year is now due, but without the UTR it is impossible to file one.
Despite evidence that it is HMRC themselves that are falling behind the Chief Executive, Jim Harra, said: “We recognise the immense pressure that many people are facing in these unprecedented times, and it has become increasingly clear that some people will not be able to file their return by 31st January.
“Not charging late filing penalties for late online tax returns submitted in February will give them the breathing space they need to complete and file their returns.”Show Book a Tax Planning Consultation
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