Tax Return Deadline is Fast Approaching

Tax Return Deadline is Fast Approaching

Date: 25/01/2014

Deadline to file your tax return is fast approaching- why wait till last minute to file your return and risk late filing fee or penalties.Penalties:1: You will be charged a penalty, even if you do not owe any tax. 2: If you miss the filing dates of 31 January 2013 (for on-line submission), you will be charges a penalty of £100 (this will not be refunded, even if no tax is owing) 3: If you are three months late, you will be charged an automatic daily penalty of £10 per day, up to a maximum of £900 4: If you are six months late there will be a penalty of £300 (or 5% of the tax owing if this is greater) 5: If you are 12 months late, you will be charged another £300 (or 5% of the tax owing if this is greater). In exceptional circumstances a higher penalty of up to 100% of the tax due is possiblePenalties for late payment1: 5% of tax unpaid after 30 days 2: Another 5% of tax unpaid after 6 months 3: Another 5% of tax unpaid after 12 months There is more information about this on the HMRC website at www.hmrc.gov.uk/sa/deadlines-penalties.htmAt Care Accountancy Ltd we are committed at providing highest quality of professional services at affordable rates.Contact us now at: Care Accountancy Ltd 188 A Roundhay Road Leeds LS8 5PL Tele: 0113 248 8181 Fax: 0113 249 4902 Email: [email protected]

Leave a Reply