HMRC is reminding taxpayers that the countdown has begun to the 31 January Self Assessment deadline, with just days left for anyone with an outstanding 2011-12 tax return to send it online to HMRC.
If you send your return late, you’ll receive a £100 penalty – even if you have no tax to pay or you pay your tax on time. The longer you delay, the more you’ll have to pay, as further late-filing penalties kick in after three, six and 12 months.
If you haven't sent a tax return online before, you’ll need to sign up for HMRC’s online service by Monday 21 January. This is because it can take up to seven working days to complete the process, as an Activation Code has to be posted to you. People who’ve filed online before, but have lost their password or user ID and need a replacement, should also contact HMRC by this date.
Further details are available from HMRC.
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