Questions and Answers
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?
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.
Date published 5 Dec 2012
This article is intended to inform rather than advise and is based on legislation and practice at the time. 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 article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.Choose the right accounting firm for you
Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?
Local business focus
We specialise in supporting independent businesses and work with 100,000 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.
Come and meet us
We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 409 locations, meet with us online through video call software, or talk to us by telephone.
Switching is simple
Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.