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14.5. Interest and Penalties

Failure to pay tax attracts a surcharge of 5% of the tax due and additionally, a 5% surcharge is added after every 6 months on tax due.

Failure to submit the company tax return by the due date (15 January of the following tax year) attracts penalties ranging to up to GBP 300 and additionally GBP 50 per day and surcharges.

As a consequence of the extension of the tax return due date for the tax year 2019 from 30 November 2020 until 30 April 2021 (earlier extended until 31 March 2021), no penalty will be charged until the extended due date i.e., 30 April 2021.