HMRC says that it will not challenge a self assessment late filing penalty in cases where the taxpayer has a reasonable excuse for not filing their tax return on time and has made an appeal.

The costs of investigating cases outweigh the the standard £100 penalty.

HMRC will automatically generate a penalty on receipt of a late tax return. The taxpayer has 30 days to lodge an appeal to HMRC (it or a tribunal may accept a late appeal on a discretionary basis, again depending on whether the taxpayer has a reaonable excuse for making a late appeal).

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Back to:  Nichola's SME Tax Update 17 June 2015

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