PLEASE NOTE: The charity TaxAid advises only those people on low incomes whose problems cannot be resolved with HMRC.

Tax return penalties for 2015 returns – £10 a day from 1 May

If you haven’t yet filed your tax return for the year to 5 April 2015, file at once!

Penalties increase to £10 a day for 90 days from the start of May – a total of up to £900. This is added to the initial £100 penalty for missing the 31 January 2016 deadline, so the total can reach £1,000. An additional penalty of £300 applies at the end of the 90 days.

These penalties apply for on-line filing. Penalties will be higher if you file on paper. If you have a ‘reasonable excuse’ for filing late, HMRC may agree to cancel the penalties, once you have filed the return. It can be difficult to get HMRC to agree that you have a reasonable excuse.

If you think there is no need for you to file a return, you should contact HMRC and ask for the return to be withdrawn. See information on withdrawing tax returns here.

For more details on penalties and how to appeal see http://taxaid.org.uk/guides/taxpayers/tax-returns/late-filing-penalties-and-appeals.

For guidance on completing your tax return, see the tax return guide, or contact TaxAid for advice.

 

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