Are you in danger of losing £100?
28th January 2014
Self-assessment taxpayers have only four days left to submit their tax returns online or risk a £100 fine.
About 10.7m people have to file returns for 2012-13 and pay any tax due by 31st January 2014, but 2.8m have yet to do so, according to HM Revenue & Customs.
Last year HMRC issued 850,000 fines for late and incorrect filing. Someone who owes only a few pounds in tax could end up paying penalties totalling £1,600 if they fail to submit their return within 12 months of the January deadline.
If you would like to find out more please contact us.
Read More : http://www.thesundaytimes.co.uk/sto/business/money/Tax/article1366756.ece