Friday 25 January 2013

Tax return filing

Anyone who has been putting off filing their tax returns, now only has a week to get their house in order so as to avoid receiving a fine, warns HMRC.
Self Assessment tax returns for the year 2011/12 must be sent to HMRC by no later than the 31 January 2013 with £100 late-filing penalties being issued to those failing to do so – even if they don’t have any tax to pay, or it was paid on time.
Additional late-filing penalties after three, six and 12 months will also be handed out for anyone who persists in not sending the required information.
HMRC found that people often felt a real sense of relief, or peace of mind, once they sent in their return – like a weight being lifted from their shoulders.
A new ad campaign is encouraging people who still haven’t sent their return to “do it today, pay what you owe and take a load off your mind”, so they can experience “inner peace”.
Further information is available from HMRC.

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