Anyone whose Self Assessment return is more than three months late will now be charged a further £10 penalty for each day it remains outstanding, up to a maximum of 90 days. This is on top of the £100 late-filing penalty they have already received.
This means people who file their 2010/11 return online on or after 1st May will be liable to daily penalties, as the deadline for these was 31st January. Daily penalties for paper returns began on 1st February, as paper returns were due by the earlier deadline of 31st October.
Looking ahead, further penalties of at least £300 (or 5 per cent of the tax due, if that is more) will be issued for returns that are 6 and 12 months late.
Anyone who’s received a late-filing penalty, hasn’t yet sent a return, but thinks they don’t need to be in Self Assessment, should call HMRC on 0845 900 0444. If HMRC agrees, the return and any penalty will be cancelled. Visit www.hmrc.gov.uk/latetaxreturn for further information.
HMRC’s Stephen Banyard said: “We want the returns and not penalties. So, if you haven’t sent us your 2010/11 return, you need to do one of two things urgently – either send it online by 30th April, or call us if you think you shouldn’t have to complete one.”
Produced from a press release issued by HM Revenue & Customs Press Office on 19th April 2012
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