{"id":2620,"date":"2015-02-03T00:00:00","date_gmt":"2015-02-03T00:00:00","guid":{"rendered":"http:\/\/dev1.2facearts.com\/index.php\/self-assessment-late-filing-penalties\/"},"modified":"2015-02-03T00:00:00","modified_gmt":"2015-02-03T00:00:00","slug":"self-assessment-late-filing-penalties","status":"publish","type":"post","link":"https:\/\/hebblethwaites.com\/index.php\/self-assessment-late-filing-penalties\/","title":{"rendered":"Self Assessment late filing penalties"},"content":{"rendered":"

\n\tThe deadline for submitting your Self Assessment tax return for 2013-14 has passed. The online filing date, after which penalties apply, was midnight, 31 January 2015.<\/p>\n

\n\t Penalties for individuals:<\/strong><\/p>\n

\n\t If you failed to make the filing deadline a range of penalties becomes payable, or potentially payable, how much will depend on how quickly you bring your affairs up-to-date.<\/p>\n

\n\t Penalties are progressive: they apply from 1 day, 3 months, 6 months and 12 months after 31 January 2015 for the 2013-14 return. <\/p>\n

    \n
  1. \n\t\tOne day late: an automatic penalty of £100 applies.<\/li>\n
  2. \n\t\t3 months late: a daily penalty of £10 per day for a maximum of 90 days applies (£900).<\/li>\n
  3. \n\t\t6 months late: a further £300 or 5% of any tax outstanding, whichever is the greater.<\/li>\n
  4. \n\t\t12 months late: a further £300 or 5% of any tax outstanding, whichever is the greater. In serious cases you may be asked to pay 100% of the tax due instead.<\/li>\n<\/ol>\n

    \n\t The above penalties are in addition to any penalties and interest for paying tax late.<\/p>\n

    \n\t Penalties for partners:<\/strong><\/p>\n

    \n\t There is a nasty sting in the tail for partners who fail to submit their partnership Self Assessment return on time.<\/p>\n

    \n\t Even though a partnership tax return is one document each partner will be charged a penalty for late filing. If a partner is also late in filing their own tax return then separate penalties will apply.<\/p>\n

    \n\t The penalties listed in points 1 and 2 above will be payable by each partner. The penalties in points 3 and 4 will be limited to £300 per partner.<\/p>\n

    \n\t Opportunities to appeal against a penalty charge are considered in the next article.<\/p>\n","protected":false},"excerpt":{"rendered":"

    The deadline for submitting your Self Assessment tax return for 2013-14 has passed. The online filing date, after which penalties apply, was midnight, 31 January 2015.  Penalties for individuals:  If you failed to make the filing deadline a range of penalties becomes payable, or potentially payable, how much will depend on how quickly you bring […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-2620","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/2620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/comments?post=2620"}],"version-history":[{"count":0,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/2620\/revisions"}],"wp:attachment":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/media?parent=2620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/categories?post=2620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/tags?post=2620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}