HM Revenue & Customs has released its new list of the worst excuses used by late-Tax Return filers trying to avoid the automatic penalties. The ten worst excuses usually involve people claiming it was someone else's fault they filed their tax return late. Those blamed include the wife, the car, the niece, their accountant, pets and, in one bizarre case, a rat in the garden shed. How many people store their Tax Return in the shed before completing it! Top 10 excuses Clearly, H
As the Self Assessment deadline for Tax Returns for 2013-14 has now passed; HMRC will begin to start issuing penalty notices to those taxpayers who did not meet the legal requirement to file their returns on time. A fixed penalty of £100 will be due for all returns which were outstanding at 31 January 2015. This penalty is no longer reduced where the liability is lower than this or where a repayment is due. HMRC will also start to add £10 daily penalties up to a maximum of 90
If you want to submit a paper copy of your tax return, you must do so by 31 October, following the end of the tax year. For the current 2014/15 tax year (ending on 5 April 2015), the deadline for paper returns is 31 October 2015. HMRC will then calculate what you owe and set a deadline for payment. However, you can also file online by 31 January following the end of the tax year, and your bill will be calculated for you automatically. Late filing penalties Those who failed to
HMRC published their "Top 10 oddest excuses for late tax returns". There are no claims of being abducted by aliens. We we all eagerly await to see what people may dream up for this year's 31 January deadline...
Hopefully, you’ve already filed your Self Assessment Tax Return for 2012-13. If you have then relax…….. and enjoy reading the list of 10 oddest excuses for late filing of tax returns.
Penalties for late filing
If your Tax Return is not filed by 31 January 2014,