Deadline looms for paper tax returns
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17 October 2012 - HM Revenue
There are just days left to send your 2011/12 paper tax return
to HM Revenue & Customs (HMRC), if you want to beat the 31
October deadline and avoid a penalty.
Paper tax returns received on or after 1 November will result in a £100
penalty – even if there is no tax to pay or the tax due is paid on time.
If you’re not able to submit a paper return by the end of the month,
you can avoid a late-filing penalty by sending your return online by 31
As well as having an extra three months to file, if you file online
your tax is calculated automatically and your tax return is processed
faster, so any money you’re owed is repaid more quickly. Registering
for HMRC Online Services is simple – just go to www.hmrc.gov.uk/online
If you are sending a paper return close to the deadline, HMRC
recommends you obtain proof of posting, as this provides evidence of
your posting date in the event of any appeal against a late-filing
For general help and advice on completing a return, visit www.hmrc.gov.uk/sa
or call the Self Assessment helpline on 0845 9000 444.
1. Around 10.6m Self Assessment
returns/notices to complete a tax return have been sent out by HMRC for
the 2011/12 tax year.
2. The penalties for late Self Assessment returns are:
- an initial £100 fixed penalty, which applies even if there is no tax
to pay, or if the tax due is paid on
- after 3 months, additional daily penalties of £10 per day, up to a
maximum of £900;
- after 6 months, a further penalty of 5% of the tax due or £300,
whichever is greater; and
- after 12 months, another 5% or £300 charge, whichever is greater.
3. There are also additional penalties for paying late of 5% of the tax
unpaid at: 30 days; 6 months; and 12 months.
4. Further information on penalties is available from the HMRC
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© Crown Copyright 2012.
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Article Published/Sorted/Amended on Scopulus 2012-10-19 09:07:15 in Tax Articles