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Late payment penalty

A late payment penalty is a fee charged by HMRC if you pay your tax bill late.

What you need to know:

  • the late payment penalty is separate from the late filing penalty. They get added together
  • you will also have to pay interest (on average 3% per year) on late payments. This also gets added to your penalty.

This is how much the penalty for late payment is:

How late you are Late payment penalty
1-30 days 0
30 days – 6 months 5%
6 months – 12 months another 5%
more than 12 months another 5%

You can also use this late tax return penalties calculator to get an estimate of how much HMRC expects you to pay.

If you can’t afford to pay all in one go, you should contact HMRC and arrange a payment plan for your tax bill.

January 2021 HMRC update

If you’re filing your 2019/20 tax return, HMRC announced a payment update on 25th January 2021. Take a look at what’s changed here to see how the temporary deadline conditions might affect you.

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