HMRC has issued around 850,000 penalties

HMRC has issued around 850,000 late filing penalties for the tax year ended 5th april 2012 which was due by the 31st January 2013. Remember the penalties apply regardless of whether there is a tax liability or not, the cap of earlier years has been scrapped.

However, if you can prove to HMRC that you should not have been sent a notice to complete a tax return then you can appeal against the penalty and it is routine for these penalties to be cancelled

Remember to also pay your tax on time as penalties, surcharges and interest applies to late payments

If you need help filing your tax return dont hesitate to get a quote from us