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Posted by Nick Day on 24 Apr 2012

HMRC Penalties for Outstanding Tax Returns

HM Revenue & Customs (HMRC) is urging anyone who has still not done their 2010/11 UK Self Assessment Tax Return to file it on-line before the end of April 2012, or be charged daily penalties from 1 May.

Anyone whose Self Assessment Tax Return is more than three months late (i.e. not filed by 30 April) will now be charged a further £10 penalty for each day it remains outstanding, up to a maximum of 90 days. This is in addition to the £100 late-filing penalty they will already be liable for.

This means people who file their 2010/11 Tax Return on-line on or after 1 May will be liable to daily penalties, as the deadline for these was 31 January. Daily penalties for Paper Tax Returns began on 1 February, as paper Returns were due to be filed by the earlier deadline of 31 October 2011.

Looking ahead, further penalties of at least £300 (or 5 per cent of the tax due, if that is more) will be issued for Returns that are 6 and 12 months late.

Anyone who has not yet filed their 2010/11 Tax Return can contact us on an urgent basis to discuss their options. It may be possible to file the necessary Return initially on an estimated basis to avoid certain penalties, or have the Tax Return cancelled if you can argue that “Self Assessment” should not apply in your case.


See also…

Important Dates

2017/18 Tax Returns

Tax Return Enquiries

Annual Returns

Self Assessment Tax Returns

Death of the UK Tax Return for Expats?

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