£10 penalties from 1 May for overdue 2012 tax returns

Fancy handing £10 a day over to HMRC from 1 May? Thought not! If you’ve not yet submitted your 2012 self assessment tax return, you’ll be charged a late filing penalty of £10 per day from 1 May 2013, up to a maximum of £900. This is on top of the £100 penalty already charged for missing the 31 January … Read More

How to appeal against a late filing penalty

If you are one of the 850,000 UK tax payers who recently received a late filing penalty notice for 2011/12, you may feel that you have a reasonable excuse for not having met the deadline. HMRC has its own definition for what constitutes a ‘reasonable excuse’ giving the following main examples: a failure in the HMRC computer system a serious illness, … Read More

HMRC issues 850,000 late filing penalties at £100 each

If you were late in filing your 2011/12 self assessment tax return, you will soon be receiving a late filing penalty through the post for £100. And even if no tax is due, if you filed your return after the 31 Jan deadline, you are still liable to pay this fine. For those still owing tax, settle any balancing payments amount as … Read More