Outstanding self assessment tax returns
HMRC are urging anyone who has still not completed their 2010/11 self assessment tax return to send it online before the end of April, or be charged daily penalties from 1 May.
Anyone whose return is more than three months late will be charged a further £10 penalty for each day it remains outstanding, up to a maximum of 90 days. This penalty is in addition to the £100 late filing penalty they have already received.
HMRC are advising that if an individual receives a late filing penalty but does not think that they need to complete a return, they should call HMRC on 0845 900 0444. Alternatively contact us so that we can help, as it may be possible to cancel the penalty if HMRC agree that the return is not due.
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 30 April, or call us if you think you shouldn't have to complete one.'
Internet link: Press release