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Self Assessment: Penalties for late filing and late payment return deadlines The deadlines for sending in your tax return are: 31 October for a paper tax return 31 January for an online tax return

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What is self assessment penalties?

Self assessment penalties are fines imposed by tax authorities on individuals or businesses who fail to file their tax returns on time or inaccurately.

Who is required to file self assessment penalties?

Individuals and businesses who are required to submit a tax return are also required to file self assessment penalties if necessary.

How to fill out self assessment penalties?

Self assessment penalties can usually be filled out online through the tax authority's website or by submitting a paper form with all the required information.

What is the purpose of self assessment penalties?

The purpose of self assessment penalties is to encourage timely and accurate filing of tax returns, and to penalize those who do not comply with the tax laws.

What information must be reported on self assessment penalties?

The information required to report on self assessment penalties typically includes details of income, deductions, and any taxes owed.

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