SAM60080 - Interest, penalties and surcharge: interest: statutory due dates

Liability/charge

Statutory due date

First payment on account

(see note 1)

31 January before the end of the year of self assessment

Second payment on account

(see note 1)

31 July after the year of self assessment

Balancing payment

(see notes 1 and 2)

31 January after the year of self assessment

Interest

Date the interest charge is created

Penalties

30 days after the date of the notice of penalty

Surcharge

30 days after the date of the notice of surcharge

Revenue assessment

30 days after the assessment is made

Determination

31 January after the year of self assessment

1.

Statutory Due Dates (SDD) are set out in the legislation. The SDD is normally also the Relevant due date (RDD) for interest purposes. An RDD can be amended manually using function AMEND RELEVANT DATES. For information about amending a RDD see business areas ‘Amend Payment’ (SAM1000) and subject ‘Amending the Relevant Date’ (SAM60050).

2.

When a claim to adjust payments on account is processed the due dates do not change

3.

The balancing payment due date is amended if

• There is no failure to notify chargeability, and
• HMRC issue the tax return after 31 October