The Penalties for Late Filing and Late Payment

There are penalties for late filing and late payment, okay? So you'll pay a late filing penalty of £100. If your tax return is up to three months late, you have to pay more if it's even later than that. Or if you actually pay your tax bill late, you're going to pay a little bit of penalty there as well. And you'll be charged interest on late payments. The current interest rate, if you don't pay your tax on time, they'll try to interest rate of 6% to pay a,. which is interesting because if you owed money by whom I see, the rate they'll give you back is 2.5%. That's just how