Monday, March 26, 2012

Automatic Tax Penalties

You did, of course, submit your self-assessment tax return before end of January. But even with the deadline extended to 2 February this year, the revenue's coffers are to be boosted by around �85 million from the automatic penalties levied on the 850,000 people who didn't. Even those registered as self-employed but with no tax payment due should have submitted a return, and will be fined �100 if they didn't. Penalty notices are being sent out right now.

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