HMRC Late Penalty Charges & Company house

If you are required to file a tax return for the year 2014/15 tax year and you have not done so by 31/01/2016, then you will be charged a penalty for late filing charge.

The charges works like this: if you have not filed online your return then

  • £100 charged automatically
  • 3 months late, then charges will be £10 per day for up to 90 days with maximum of £900 pounds.
  • 6 months late charges will be 5% of tax due or £300 if greater
  • 12 months late, 5% or £300 if greater.

Late tax payment

  • 30 days late ,then charges will be 5% of tax due
  • 6 months late, 5% of tax outstanding at that date
  • 12 months late , 5% of tax outstanding at that date

As with regards to 2015/16 tax return this will be due by 31th January 2017 if filed on line and by 31th October 2016 if filed by post.


Company House late filing penalties

  • If not more than one month then penalty charges is £150
  • If more than one month but less than 3 months then is £375
  • If more than three months but less than 6months then is £750
  • If more than six months then the charges are £1500

Penalty doubled if accounts late is successive years.

Published On: February 1st, 2017 / Categories: News /

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