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  3. Are there penalties for not paying my personal tax on time?
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  2. Payroll & Year End
  3. Are there penalties for not paying my personal tax on time?

Are there penalties for not paying my personal tax on time?

Yes, you will be charged interest from the date the payment was due until it is paid. You may also be liable to a penalty if your balancing payment (due 31st January 2021 for 2019/20) is late.


You should be aware that automatic interest and penalties apply for failure to file your tax return and pay your tax on time – even if you have no tax to pay or are due a refund.

Further penalties accrue as follows:

After payment is 30 days late5% of tax outstanding
5 months after above charge
(6 months late)
A further 5% of tax outstanding
6 months after above charge
(12 months late)
A further 5% of tax outstanding

Updated on 27th July 2020

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