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Penalties for missing the tax return deadline
If you miss the deadline, the longer you delay, the more you'll have to pay. It is important to send your tax return to HMRC as soon as you can. The table below shows the penalties you'll have to pay if your tax return is late. If a Partnership tax return is late, each partner will have to pay the penalties shown below.
|
Length of delay |
Penalty you will have to pay |
|---|---|
|
1 day late |
A penalty of £100. This applies even if you have no tax to pay or have paid the tax you owe. |
|
3 months late |
£10 for each following day - up to a 90 day maximum of £900. This is as well as the fixed penalty above. |
|
6 months late |
£300 or 5% of the tax due, whichever is the higher. This is as well as the penalties above. |
|
12 months late |
£300 or 5% of the tax due, whichever is the higher. |