HMRC has identified a number of wealthy taxpayers who:  

• have submitted returns for 2020/21 and 2022/23, but not for 2021/22; or
• have submitted returns for 2019/20 and 2022/23, but not for 2020/21 and 2021/22.  

In all cases, the taxpayer received a notice to complete the late return(s).  

HMRC is asking the taxpayer to submit the late return(s) by 12 July 2024. HMRC may charge penalties for the late submission of the return(s) and interest on any tax paid late. The taxpayer can appeal against the penalty if they have a reasonable excuse for submitting a return late. Penalties for errors will be considered on a case-by-case basis. 

If the return is not submitted by 12 July 2024, HMRC's will send a determination. This is an estimate of how much tax HMRC thinks is due based on the information it has.

If the taxpayer does not believe that a return is due, they should call HMRC’s helpline on 03000 516640.  

Further information 

• Template letter: late return for 2021/22
• Template letter: late return for 2020/21 and 2021/22