Tax return reminder issued by HMRC

Date: 2nd November 2011

Taxpayers have been reminded by HM Revenue & Customs (HMRC) that filing a paper tax return after the recently-passed deadline will see them handed a £100 fine.

The department has explained that now the October 31st deadline has passed, taxpayers' only option is to file their submission online by January 31st next year.

As such a number of individuals could be tempted to seek the assistance of a specialist accountancy service in order to make sure their bookkeeping is accurate and up to date.

A statement from HMRC warned: "Send in a paper tax return on or after November 1st and you'll have to pay a £100 penalty – even if there is no tax to pay or you pay the tax due on time – following the introduction of a new penalty regime this year. department explained.

"The longer you delay, the more you'll have to pay, as there are further late-filing penalties after three, six and 12 months."

Posted by Emily Smith