Taxpayers who have not yet filed their 2011/12 self assessment tax return are being urged to do so before 1 May as from this date,  HMRC will charge a £10 daily penalty for late online returns, up to a maximum of 90 days (total £900). This is in addition to the initial late filing penalty of £100, which applies automatically even where there is no tax due, or where the tax due is paid on time. Further penalties of at least £300, or 5% of the tax due if this is greater, will apply for tax returns that are 6 and 12 months late – all of which could add up to a sizeable and very unwelcome bill. 

Penalties do not just apply for late filing – they also apply to the late payment of tax, amounting to 5% of the unpaid tax,  payable at 30 days, 6 months and 12 months after the due date of 31st Jan 2013.

If you haven’t yet filed your 2011/12 return, please contact the office on 02920 713 800 to see how we can help – in certain circumstances, we may be able to appeal penalties already incurred.

the web designer group uk
the web designer group logo

Close Button

Web Site Designed by

The Web Designer Group