Daily Penalties for Late Online Tax Returns Begin on 1 May
26 April 2012
Taxpayers who have not filed their 2010/11 tax return online by 30 April 2012 will face new daily penalties from 1 May 2012, in addition to the fixed £100 penalty.For self assessed tax returns that are more than three months late, there will now be a charge of £10 for each day it remains outstanding, up to a maximum of 90 days, from 1 May 2012. Penalties for paper returns, which were due to be filed by 31 October, began on 1 February.
A taxpayer whose return is six months late will be liable to additional, tax-geared penalties. For further information on tax return deadlines and penalties, please visit the HMRC website.