If you miss the Self Assessment filing deadline this year you will be immediately liable for a £100 late filing penalty. The penalty will apply even if there is no liability or if any tax due is paid in full by 31 January 2012.
These new penalties will apply to all Self Assessment tax returns from 2010-11
onwards. The fixed £100 penalty for failing to file a tax return on or before the
filing date will therefore apply to:
• online returns received on or after 1 February 2012.
Daily penalties of £10 per day will also take effect if the tax return is still outstanding three months after the filing date. So if your online tax return is filed after 31 January 2012, you will be liable to a daily penalty on 1 May 2012 if the return is still not filed.
Please provide us with your personal tax information as soon as you can! This includes evidence of your income from 6 April 2010 to 5 April 2011.
Account Tax Ltd