ACCA · Question 01 · The UK tax system and its administration
Section A
Marcus, a self-employed marine biologist, filed his self-assessment paper tax return for the tax year 2022/23 on 15 December 2023. He paid his outstanding balancing payment of £4,200 on the same day. He had no reasonable excuse for the delay.
What is the total late filing penalty Marcus will be charged by HMRC?
Answer options:
£0, because he paid his tax before 31 January 2024.
£100
£100 plus daily penalties of £10 per day.
£210 (5% of the tax due).
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