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Yes Knutsfordnotary I sat my planning tax paper in Sept and got 92/100 being one of the highest in the world :D my highest mark to date. I now only have 3 exams left to complete my ICAEW ACA qualification!
HMRC will most certainly set up payment plans if < £30k, no other tax debts owed, <60 days after payment deadline and your returns have been filed.
In a non-covid situation, late filing attracts an immediate penalty of £100 but no payment penalties until 01/03/21.
Late filing fixed until 3 months then it is £10 a day upto 6 months (90 days max) then additional 5% of tax due or £300, if greater.
But Covid will relax some of these...
Unlikely there will be filing penalties and if there are, HMRC have extended the window in which you can appeal. Just ring up and say due to covid and they’ll wave them.
In terms of payment, 30 days post 31/01/21 it’s 5% of tax due then 6 months is 5% of tax outstanding at that date.
although the beta for this is relatively high, the current so does not reflect the information available so the efficiency is flawed.
I am of the opinion it’s also a buy looking at the charts but we really need to break that 15p ceiling!
This is now naturally overbought on the daily charts. Significant RSI, just pushed through the 200MA, hopefully it will sit above it now and consolidate before pushing higher. I would hate for it to be a repeat of the previous 15p pushes. GLA, time will tell.
Looking at the weekly charts, it appears we consolidated around the 7.5-10p range, where we broke out from week beginning 12/03/2018. Could this be the start of the next big rise? We hit 50p in the week beginning 12/11/2018, exactly 8 months. If this is the next rise, will it happen just as quick... who knows, but it certainly is a positive day today! GLA.