HMRC has confirmed that no penalties will be issued to Barclays customers who were unable to pay their self-assessment<\/strong> tax bills due to a significant IT outage last week. The disruption, which began on Friday, coincided with the January 31<\/strong> deadline for tax returns, leaving many customers unable to access their accounts or make necessary payments. <\/p>\n\n\n\n

The issue, which affected hundreds of Barclays account holders<\/strong>, has been ongoing for several days, with some customers still unable to access their funds.<\/p>\n\n\n\n

Barclays Apologises for Ongoing It Issues<\/h2>\n\n\n\n

The outage<\/strong> has caused considerable inconvenience, particularly for those with urgent financial obligations<\/strong>. Some Barclays<\/strong> customers expressed their frustration online, with one stating that the outage had prevented them from making a food purchase for their family.<\/p>\n\n\n\n

Barclays<\/a><\/strong> has since apologised for the technical problems, assuring customers that no one would be financially disadvantaged<\/strong> as a result. According to the bank, customers can still use their cards and withdraw cash, but they have been advised not to attempt making any payments<\/strong> until the issue is resolved.<\/p>\n\n\n\n

Hmrc\u2019s Response to Customers<\/h2>\n\n\n\n

In light of the outage, HMRC clarified that customers who were unable to meet the deadline for self-assessment<\/strong> tax returns due to the Barclays banking issues would not face penalties. A spokesperson for HMRC emphasised that while late payment penalties<\/strong> do not apply until March 1<\/strong>, those affected should contact HMRC<\/strong> to explain their situation. This decision provides some relief, as it assures taxpayers that they will not be penalised for circumstances beyond their control.<\/p>\n\n\n\n

Self-Assessment Tax Return Deadline and Penalties<\/h2>\n\n\n\n

For those who miss the self-assessment<\/strong> filing deadline without a reasonable excuse, HMRC<\/a> typically issues a \u00a3100 penalty. However, the government body has acknowledged that external factors, such as banking outages<\/strong>, may be deemed reasonable excuses for delays. HMRC has emphasised that each case will be considered on its merits, ensuring that taxpayers are treated fairly.<\/p>\n\n\n\n

Here\u2019s a summary of the penalties and dates to keep in mind:<\/p>\n\n\n\n

Action<\/strong><\/th>	Deadline<\/strong><\/th>	Penalty<\/strong><\/th><\/tr><\/thead>
Self-assessment tax return filing<\/strong><\/td>	January 31<\/td>	\u00a3100 if filed up to three months late<\/td><\/tr>
Late payment penalty<\/strong><\/td>	March 1 (beginning)<\/td>	Applied if payment is not made by March 1<\/td><\/tr>
Reasonable excuse for late payments<\/strong><\/td>	Ongoing (case-by-case)<\/td>	Potential to avoid penalty with evidence <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n The Barclays IT outage<\/strong> has caused significant disruptions for many customers, particularly for those attempting to meet self-assessment tax return<\/strong> deadlines. HMRC’s response ensures that affected individuals will not face penalties due to the banking issues, with the late payment penalty not applying until March 1<\/strong>. <\/p>\n\n\n\n Barclays has issued apologies and continues to work on resolving the technical problems, while reassuring customers<\/strong> that no one will be financially disadvantaged due to the outage.<\/p>\n","protected":false},"excerpt":{"rendered":" Amidst ongoing technical issues, Barclays customers have faced disruptions during a critical period. HMRC has clarified its stance on penalties for affected taxpayers.<\/p>\n","protected":false},"author":9,"featured_media":103365,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[],"class_list":["post-103362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/103362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/comments?post=103362"}],"version-history":[{"count":1,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/103362\/revisions"}],"predecessor-version":[{"id":103366,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/103362\/revisions\/103366"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media\/103365"}],"wp:attachment":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media?parent=103362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/categories?post=103362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/tags?post=103362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}