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.
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 possible
Penalties for late payment
1: 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.htm
At 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
Tele: 0113 248 8181
Fax: 0113 249 4902