Taxpayers who have not filed their 2011/12 online tax return will incur a £10 daily penalty from 1 May, HMRC has warned, in addition to the initial £100 late filing penalty for missing the 31 January deadline. ‘Looking ahead, further penalties of at least £300 (or 5% of the tax due, if that is more) will be issued for returns that are six and 12 months late,’ HMRC added.
Taxpayers who have not filed their 2011/12 online tax return will incur a £10 daily penalty from 1 May, HMRC has warned, in addition to the initial £100 late filing penalty for missing the 31 January deadline. ‘Looking ahead, further penalties of at least £300 (or 5% of the tax due, if that is more) will be issued for returns that are six and 12 months late,’ HMRC added.
90a1d87b-c1b5-43c3-a720-cd324830adee.tmb-editorspic.jpg?sfvrsn=1b2d0a7e_1)
