It’s just not logical…
If you haven’t sent in your 2010/11 Self Assessment return, you now must send it online if you want to avoid a penalty, as the 31 October deadline for paper returns has now passed.
Following the introduction of a new penalty regime this year, if you send in a paper tax return on or after 1 November, you’ll have to pay a £100 penalty – even if there is no tax to pay or you pay the tax due on time. The longer you delay, the more you’ll have to pay, as there are further late-filing penalties after three, six and twelve months.
The deadline for filing your tax return online is later as this must reach HM Revenue & Customs by 31 January 2012.
It’s important to remember that, if you do send a paper return after the 31 October deadline, you cannot avoid the initial £100 penalty by subsequently filing online.
If you need any help in filing your tax return, speak to your Barnes Roffe LLP contact.Talk to Barnes Roffe today