HMRC has reminded taxpayers intending to submit a paper tax return for 2011/12 that they must do so by 31 October if they are to avoid a fixed penalty of £100.
‘Paper tax returns received on or after [Thursday] 1 November will result in a £100 penalty – even if there is no tax to pay or the tax due is paid on time,’ HMRC said in a press release. ‘If you’re not able to submit a paper return by the end of the month, you can avoid a late-filing penalty by sending your return online by 31 January. As well as having an extra three months to file, if you file online your tax is calculated automatically and your tax return is processed faster, so any money you’re owed is repaid more quickly.’
Around 10.6m self-assessment returns, or notices to complete a return, were issued for 2011/12. If the notice was given after 31 July 2012, the deadline is extended and the return is to be submitted within three months beginning with the date of the notice.
HMRC has reminded taxpayers intending to submit a paper tax return for 2011/12 that they must do so by 31 October if they are to avoid a fixed penalty of £100.
‘Paper tax returns received on or after [Thursday] 1 November will result in a £100 penalty – even if there is no tax to pay or the tax due is paid on time,’ HMRC said in a press release. ‘If you’re not able to submit a paper return by the end of the month, you can avoid a late-filing penalty by sending your return online by 31 January. As well as having an extra three months to file, if you file online your tax is calculated automatically and your tax return is processed faster, so any money you’re owed is repaid more quickly.’
Around 10.6m self-assessment returns, or notices to complete a return, were issued for 2011/12. If the notice was given after 31 July 2012, the deadline is extended and the return is to be submitted within three months beginning with the date of the notice.
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