Ep 138: Self-assessment masterclass
Medics Money podcast
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2122 Tax Returns Submission Deadline
The deadline for the 2122 tax returns submission, if you were submitting it on paper, would be 3rd, 1st of October. Other than that, if it's late, then there will be penalties that will be charged on the late submissions. 100 pound is as soon as it's late up to a period of three months. And if it is after three months, then they are charged interest on the late payment of tax,. The base rate is 2.5%. However, if the extra tax is not paid after more than 28 days, then there is a 5% surcharge on that and the surcharge is also charges on the late interest. So it can quite quickly mount
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