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Daily penalties for late online tax returns begin on 1 May

printer Mail

Taxpayers who have not filed their 2010/11 tax return online by 30 April will face new daily penalties from 1 May, in addition to the fixed £100 penalty.

‘Anyone whose self assessment return is more than three months late will now be charged a further £10 penalty for each day it remains outstanding, up to a maximum of 90 days,’ HMRC said. Daily penalties for paper returns, which were due to be filed by 31 October, began on 1 February.

A taxpayer whose return is six months late will be liable to additional, tax-geared penalties. Guidance on tax return deadlines and penalties is provided on the HMRC website.