Late UK Tax Return – Daily fines from 1st May
Well over half a million taxpayers are set to be hit with daily fines of £10 after failing to file their tax returns, The daily fines of £10 start from the 1st May.
Taxeezy can prepare and file your Tax Return online for just £99.00..
On May 1, three months after the January deadline, a daily fine will be levied on those who have not processed their tax return.
In addition to the earlier £100 penalty, they will be hit with the daily £10 fine, up to a maximum of £900.
Those who allow the filing delay to extend beyond six months are handed another £300 fine or 5% of the tax due, whichever is higher.
HMRC is then entitled to give those who fail to file within 12 months a tax demand up to 100% of the tax due instead.
Filing the tax return stops the penalty increasing and enables the appeal process to begin.
Taxeezy Online Tax Return Service
Completing your Tax Return correctly, without hassle, may not be an easy task and also can be time consuming. For just £99.00 (after tax relief £79.00) we can prepare and file your Tax Return for you without any fuss and ensure you claim all the expenses you are entitled to, saving you tax. Simply provide us with the information we ask for then leave the rest to us.