Late Filing Penalties for 2017 Self-Assessment

Q- I have one or two clients who have yet to give me the information needed to complete their 2016/17 self-assessment tax returns. I am concerned about the consequences of this and want to advise my clients of the implications.

A- Where a 2016/17 self-assessment tax return has not been filed by 31 January 2018, your client will already have been charged a £100 penalty.Online returns with a 31 January 2018 filing date will incur additional penalties from 1 May 2018. Penalties of £10 per day will be chargeable for up to 90 days.

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