Late Tax Returns 

Have you missed the tax return deadline? Have you incurred late filing penalties from HMRC? If so, get in touch with us to discuss how we can help you cancel your late tax return fine on a no win no fee basis!

TaxRefundsRUs are experts in helping you get your late tax return penalties cancelled. We are one of the only companies in the UK to offer a no win no fee late tax returns service, so if you have missed the January 31st deadline for filing your tax return and have incurred financial penalties as a result, we can help you to get the fine cancelled. If the cancellation request is denied by HMRC, we won’t charge you for our service.

Tax return deadlines 

If you are self-employed and earn more than £1,000 during the tax year (6 April to 5 April), or if you have entered into a business partnership, you need to do a tax return. The deadline to file your tax return is 31 January. As a result of Covid-19, HRMC is waiving late filing penalties provided you file your tax return by 28 February. If you miss this deadline, HMRC will issue you with a fine.

Late tax return fines

The amount HRMC will fine you depends on how late your tax return is. The fines are as follows:

  • One day late - excluding the Covid-19 waiver, if you file your self-assessment tax return one day late, you will be charged £100. Even if you don’t owe any tax, you will still be liable to pay this penalty. If you miss the 28 February Covid-19 deadline, you will have to pay this £100 fine.
  • Three months late – you will be fined £10 a day (up to £900 total) if you submit your tax return three months late.
  • Six months late – tax returns that are six months late will incur a £300 fine, or 5% of your due tax bill depending on which value is the highest.
  • Twelve months late – you will need to pay an additional £300 or 5% of your due tax bill (whichever is higher) if you file your tax return 12 months after the due date. In some cases, HMRC may charge you up to 100% of your owed tax.

What to do if you miss the deadline 

If you miss the HMRC tax return deadline, you have a few options. The first option is to contact HMRC and inform them of why you have filed your tax return late. There are a number of viable excuses which HMRC accept to justify a late tax return. They include:

  • Grief/bereavement
  • Unexpected illness
  • Technical/computer issues
  • HMRC online service issues
  • Flood/fire damage
  • Theft

We will help you fill out and send your tax return fast, minimising the potential for further penalties to be accrued. We will liaise with HMRC on your behalf to get an outstanding fines and penalties cancelled.

After getting an initial fine already, it becomes very difficult to get penalties cancelled. We have years of experience in getting tax penalties cancelled and have an excellent track record in helping clients cancel fines from years ago where they otherwise may have been a lost cause. Even if your tax penalties are more than a year old, we may still be able to help you. Get in touch with us to find out how we can use our expertise to appeal your case.

No win no fee late tax returns service 

We are proud to be one of the only UK tax refund specialists to provide a no win no fee late tax returns service. This means if your cancellation appeal is denied by HMRC, we won’t charge you for our service.

Another benefit of enlisting TaxRefundsRUs to help you with your late tax return is that we won’t drag the process on for longer than is necessary. There is no guarantee the penalties will be cancelled, but our extensive experience and expert industry knowledge means we can complete the process up to 70% faster. This means that with our help, you’ll get your money back a lot quicker. Put simply, if your tax refund isn’t approved then we don’t get paid, so it’s in both our best interests to complete the process as quickly as possible and get your money back where it belongs – in your pocket!

Avoid late tax return penalties 

Getting your tax affairs in order can be complicated and time consuming. TaxRefundsRUs offers a comprehensive self-assessment tax return service, ensuring your self-assessment is submitted on time with the avoidance of HMRC penalties. All we need from you is a few answers to some basic questions. After this we will tell you exactly what records we need from you. When we receive these records we will complete your self-assessment and send it to you for approval. If you are happy to proceed, we will send it to HMRC.

Even if you have incurred tax penalties previously, we will help you avoid getting any more moving forwards. We’re on hand to provide support with tax returns to ensure your finances are in order and your returns are submitted on time every year. Read some of our testimonials to find out how we’ve helped previous clients stay on top of their taxes and get any outstanding penalties cancelled.

If you’re struggling with bookkeeping, we also offer a full comprehensive bookkeeping service whereby we will help you to keep on top of your paperwork and data.

Find out more and get assistance today 

If you would like more information on our tax return services, please get in touch with our team today to see how we can help you.