Warning - fines for late tax returns
 

Just been sorting out my tax return for 2010/11 and spotted that the £100 fine for submitting your tax return late (ie after Oct 31st for paper returns and Jan 31st for online returns) will be applied even if you don't owe any tax.

http://www.accountingweb.co.uk/topic...returns/483492

Anyone who's been sitting on their paper return since April needs to get moving ASAP unless they want to make another donation to UK PLC.

Re: Warning - fines for late tax returns
 

yep ,i posted about this earlier in the year and if you think that's bad you'd better look at the new improved charges ;)

Length of delay
Penalty you will have to pay

1 day late
A fixed penalty of £100. This applies even if you have no tax to pay or have paid the tax you owe.

3 months late
£10 for each following day - up to a 90 day maximum of £900. This is as well as the fixed penalty above.

6 months late
£300 or 5% of the tax due, whichever is the higher. This is as well as the penalties above.

12 months late£300 or 5% of the tax due, whichever is the higher.
In serious cases you may be asked to pay up to 100% of the tax due instead.

These are as well as the penalties above.

I did mine back in april :D

Re: Warning - fines for late tax returns
 

Who needs to fill in tax return forms? I thought it was only people who had income from which tax was not deducted, i.e self-employed people.

Re: Warning - fines for late tax returns
 

even some p.a.y.e people need to fill in a return ,those with a second income .Also selfemployed people like me who's tax is stopped at source (cis)