WebFeb 22, 2024 · There are different pathways to setting up in self-assessment depending on whether you’re self-employed, a sole trader, in a partnership, or not self-employed. … WebFeb 22, 2024 · Yes, HMRC has a range of cumulative fines which may add up to a substantial amount. These are for missing the self assessment tax return filing date and the deadline for paying your tax bill. Late Filing. These fines apply, even if you don’t owe HMRC any tax. Where there is an either/or option, HMRC applies whichever is the largest amount.
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