Don’t panic, but don’t delay!
Filing late comes with penalties, but leaving it even longer could cost you more. On top of the £100 late filing penalty, unpaid tax starts accruing interest, and after 30 days, there’s an additional 5% late payment penalty.
The longer you wait, the more it adds up:
• 3 months late – £10 daily fines (up to £900)
• 6 months late – Further 5% penalty on tax owed
• 12 months late – Another 5% penalty, plus potential higher fines
The sooner you file and pay, the less you’ll owe. If you need help getting your Tax Return filed, get in touch. We’re here to help!