Business News
Have you completed your Self Assessment Tax Return yet?
If you weren’t already aware, the deadline for filing your 2011 Self Assessment Tax Return with HMRC is Tuesday 31st January 2012.
If you fail to file your Return online by midnight on 31st January, you will be subject to an automatic penalty of £100 – please note that this fine applies even if your tax is paid on time or there is no tax to pay.
Those taxpayers who fail to file their Returns after a further three months will also be subject to daily penalties, with additional penalties applied if you still haven’t filed your Return after six and twelve months. These fines add up to a potential £1,600 or more.
Penalties and interest charges also apply to those who pay their tax late, which will continue to be applied until HM Revenue & Customs receives payment in full.
Don’t expose yourself to penalties and charges by running out of time; Suretax can help with all your tax planning needs, including filing your Tax Return on your behalf.
Please contact us for further assistance.
