The new tax return penalty regimeLate tax return penalties |
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- May 2011
- 26 KB
Tax Return Penalty Regime- Area: Individuals
Background
The penalty regime for tax returns and late tax payments has changed. This will affect tax returns for 2010/11 onwards. It is expected that the changes will result in more people being caught by the £100 penalty for late filing of self-assessment tax returns. Additional penalties will be charged for returns still unfiled after 3 months of the filing deadline, including daily and tax geared penalties.
