HMRC offers Self Assessment support to flooded businesses

The taxman has pledged to do their bit in the aftermath of the winter storms.

One less worry

Businesses and individuals across the UK have until 31 January to file their tax return, or they’ll face an automatic £100 penalty. Despite this, many file late - some for legitimate reasons, some less so - with flood victims thought to be amongst the most likely to face Self Assessment challenges this year.

With this in mind HMRC has asked them to get in touch, with a view to forgoing the automatic £100 penalty should they miss the 31 January deadline. Speaking on the move, Ruth Owen, Director General for Personal Tax at HMRC, said:

“We know that people who have had their homes and businesses flooded recently have bigger things on their mind than sending their tax returns to us. And we know some will be simply unable to do it. So a quick call to our helpline before the deadline will mean they have one less thing to worry about and we will do all we can to support them or come to an alternative arrangement.

“The forms will still need to be sent in as soon as possible, and the tax paid, but customers will not have to pay a penalty where they have a genuine excuse for sending in their tax return slightly late.”

Those affected can contact the HMRC helpline on 0800 904 7900. Opening hours are Monday to Friday, 8.00 am to 8.00 pm; Saturday and Sunday, 8.00 am to 4.00 pm, excluding bank holidays.

Extra assistance for the flooded

On top of the Self Assessment support, the taxman’s offered extra help and advice elsewhere, designed to get flooded businesses back on their feet. As part of the initiative they’ve pledged to:

  • Agree instalment arrangements where taxpayers are unable to pay as a result of the floods
  • Agree a practical approach when individuals and businesses have lost vital records to the floods
  • Suspend debt collection proceedings for those affected by the floods
  • Cancel penalties when the taxpayer has missed statutory deadlines

You can gain access to these measures via the helpline given above, and get your Self Assessment back on track with our step-by-step guide here.

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