helping you keep what you earn
Penalties for late filing of personal Tax Return (again!)
December 19, 2011I know I’ve mentioned this before, but it’s important to know that HMRC have introduced newpenalties for late filing of your personal Tax Return,
- even if there is no tax liability.
Your 2010/11 Tax Return must be filed with HMRC by midnight on 31 January 2012.
The penalties for missing the deadline are as follows:
| Length of Delay | Penalty to pay |
|---|---|
| 1 day late | Fixed penalty of £100 even if there is no to tax pay. |
| 3 months late | £10 for each following day up to maximum of £900 in addition to the penalty above |
| 6 months late | £300 or 5% of the tax due, whichever is the higher, plus the penalties above |
| 12 months late | A further £300 or 5% of the tax due, whichever is the higher, plus the penalties above |
Posted in: online filing, penalties, Protection, tax, Taxes
