Posted by Nick Day on 03 May 2012
HMRC Apologises After Sending Self Assessment Penalty Notices in Error
HM Revenue & Customs (HMRC) have recently sent out 12,000 daily penalty notices in error to people who had been told that they no longer needed to fill in Self Assessment Tax Returns.
In the letter, it explained that to add to the long-standing fixed penalty of £100 for late filing, fines of £10 a day would be incurred.
Each year, millions of people in the UK have to fill in Self Assessment Tax Returns. A spokesperson for the HMRC has said “It is very unfortunate that this process error has taken the shine off the good news that we have taken 130,000 people out of Self Assessment.”
Each person affected will receive a letter of apology.
If you would like any advice regarding the above article or would simply like to discuss other ways in which we could help you and your business, please contact us.
- UK Property Sales: Capital Gains Tax for Non-Residents
- Tax on Lump Sum Payments from Foreign Pensions
- Qualifying Non-UK Pension Schemes (QNUPS)
- Top 12 Year End Tax Planning Tips
- Liechtenstein Disclosure Facility Versus UK-Swiss Tax Agreement