Missed the tax return deadline

I am afraid I left my tax return until the last minute, and when I came to submit it, I had problems and I struggled to reach HMRC on the phone too. I ended up submitting my return on 1 February in the end- what penalties can I expect?    

1st February 2012

The reason you may have struggled to reach HMRC, is because some staff were on strike on 31 January.

As a result of the strike action, HMRC have agreed that penalties will not be charged for returns that were filed on 1stor 2ndof February. Furthermore, interest will also not arise on any payments in respect of income tax received on 1stor 2ndof February either.

Normal penalties and interest charges will apply to returns filed or payments made on 3rdFebruary onwards, and remember the penalty regime is much more severe this year.

If you are finding it difficult to manage your tax affairs, your local TaxAssist Accountant would be happy to take care of them on your behalf.

By Jo Nockels

Disclaimer: The information provided is based on current guidance (at date of publication) from HMRC and may be subject to change. Any advice shared here is intended to inform rather than advise. Taxpayer's circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this information, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

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