A scheme which encouraged higher rate taxpayers to sort out their accounting at a reduced cost is set to end early next month.
HM Revenue & Customs (HMRC) sent out more than 7,000 letters offering people who are yet to file their accounts or pay tax for 2009-10 the option of lower costs if they sorted out their affairs ASAP.
They have until October 2 to respond, after which fines and charges will revert back to their normal levels.
The tax authority has not confirmed what those who do come forward before the deadline will be charged but it has said that it will be significantly lower than the costs taxpayers will be hit by if HMRC has to track to them down.
Marian Wilson, head of HMRC campaigns, said: “This campaign offers you a quick and straightforward way to bring your tax affairs up to date, but time is running out - you have until 2 October to submit your tax returns and pay the tax you owe.”
If you need help with getting your tax affairs up to date or need an accountant in Brighton get in touch with us to see if we can help
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