Reed Bunting - Potteric Carr January 2012As the online filing deadline is fast approaching and there is a change in the penalty regime I thought a reminder might be useful.
If you are a UK taxpayer and need to file a Self Assessment return the deadline is midnight on the 31/01/2012.
This year there is a change in the penalty regime for late filing; even if you have no tax to pay, or have paid the tax you owe there is a £100 penalty for even a day delay in filing. In earlier years the penalty was waived if you had no tax to pay.
The penalties you have to pay increase with the length of delay.
The deadline for paying any tax due is also 31/01/2012 and you must pay any tax you owe by 31 January following the end of the tax year.
The deadline for paying any tax due is also 31/01/2012 and you must pay any tax you owe by 31 January following the end of the tax year.
For example, for the tax year 2010-11 (ending on 5 April 2011) you must pay any tax you owe by 31 January 2012.
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