HMRC reminds self assessment taxpayers of deadline
Tuesday, 24 January 2012 12:01
HM Revenue & Customs (HMRC) has issued a warning to anyone who needs to pay self assessment tax in 2010/11 that the deadline for submitting the forms is now just one week away.
January 31st is the final date that tax returns can be sent to the organisation and they must be done online, as the deadline for paper returns passed back in October 2011.
Anyone who sends in their details after January 31st will receive an automatic £100 fine, even if they do not have any tax to pay.
Furthermore, the penalties will become more severe the longer the returns are left before being submitted, so lateness could cost self assessment taxpayers dearly.
HMRC states that the final week before the deadline is always busy - with more than 570,000 people filing returns on January 31st 2011 - so it recommends prompt action to avoid a fine.
Earlier this month, HMRC explained that it will be necessary to register on its website prior to filling in returns so that a user ID and an activation code can be sent out.
The organisation's Stephen Banyard commented: "We want the tax returns, not the penalties. We want people to file online and on time and avoid facing a completely avoidable penalty."
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