Self-assessment Payment Deadline
Posted on 28th February 2023 by Joanne Stoneman
HMRC will automatically add a penalty to your tax bill equal to 5% of the self-assessment tax you owe for 2021/22 which is unpaid after midnight on 2 March 2023.
HMRC will automatically add a penalty to your tax bill equal to 5% of the self-assessment tax you owe for 2021/22 which is unpaid after midnight on 2 March 2023. The penalty only applies to tax owing for 2021/22 and not for any of the self-assessment payments on account. Both payments were due on 31 January.
You must settle the whole of your 2021/22 self-assessment tax by no later than 2 March 2023 or HMRC will charge a penalty equal to 5% of the tax owing. If you can’t pay you can avoid the penalty by agreeing a time-to-pay schedule with HMRC.