HMRC Late Submissions Penalties

Around half a million people who haven’t sent their 2010/11 tax returns to HMRC will start to receive additional penalty letters from this week.

The penalties being issued will be for a minimum of £1,200, of which the maximum £900 in daily penalties for non filing with an additional further late filling penalty of £300 or 5% of the tax due (whichever is higher.)

http://hmrc.presscentre.com/Press-Releases/New-tax-return-penalties-being-sent-to-0-5-million-non-filers-67ea0.aspx

If you still have your 2010/2011 tax return outstanding please contact our tax team on 0161 249 5040