Self assessment 2010/11 late filing penalty
HMRC have introduced new late filing and payment penalties for self assessment 2010/11 tax returns so ensure you file on time – 31/10/11 for paper returns and 31/01/12 for online returns. If you are one day late filing your return HMRC will impose the £100 penalty irrespective of whether any tax is due. 3 months late and you will be charged an automatic daily penalty of £10 per day (to a max of £900). 6 months late and you will be charged the greater of 5% of tax due or...
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