Self Assessment Countdown: Day 11 - Understanding Late Filing Penalties | Gravesend Tax Advisors

With just 11 days remaining until the Self Assessment deadline, our Gravesend-based accountancy team wants to ensure local businesses and individuals understand the consequences of missing this important date. As your trusted accountants in Kent, we're here to explain HMRC's strict penalty system and how it could impact your finances.

The Penalty Timeline: Essential Information for Gravesend Taxpayers

HMRC's penalty structure follows a clear timeline, with charges increasing the longer your tax return remains outstanding. Our Kent-based tax experts break down the key stages:

Immediate Penalties

From day one after the deadline, HMRC automatically issues a £100 fixed penalty. This applies to all taxpayers in Gravesend and across the UK, regardless of whether you owe tax or not.

Three Months Late

After three months, daily penalties of £10 begin to accumulate, up to a maximum of £900. These charges are in addition to the initial £100 penalty - a significant cost for any Kent business or individual.

Six Months Late

At the six-month mark, you'll face either a penalty of 5% of the tax due or £300 - whichever is greater. This is on top of all previous penalties.

Twelve Months Late

If your return remains outstanding after one year, an additional penalty of 5% or £300 (whichever is greater) will be applied.

Avoiding Penalties: Local Support in Gravesend

The simplest way to avoid these penalties is to submit your tax return on time. At MCC Partners, your local accountants in Gravesend, we can help ensure you meet the deadline and maintain compliance with HMRC requirements. Our team has extensive experience supporting businesses and individuals throughout Kent with their tax obligations.

Need Assistance in Gravesend?

Don't risk unnecessary penalties. Our Gravesend office at 1a Saddington Street, DA12 1ED is ready to help. Contact our local team at 01474 619 990 or email This email address is being protected from spambots. You need JavaScript enabled to view it. for professional support with your Self Assessment tax return. As your neighbours in Kent, we're committed to helping you navigate your tax responsibilities efficiently.