Paper Tax Returns are due 31st October!!
Stop thinking of excuses for not filling in your tax return, putting off completing it could cost you money.
HMRC have an example on their website detailing the amount of money they will take off you if you are late with your return.
“Mrs A’s tax return is due on 31 January 2013 but HMRC doesn’t receive it until 5 August 2013. It is over six months late so she will have to pay all of the following:
- £100 fixed penalty
- £900 penalty – this is £10 each day from 1 May to 29 July, when the maximum 90 day penalty is reached.
- £300 or 5 per cent of the tax due – whichever is the higher”
Do you really want to pay upto £1,300?
End 2 End Payroll could take the pain out of completing the return for you for a lot less money than a £1,300 fine. Get in touch now don’t get caught out.