I know I’ve mentioned this before, but it’s important to know that HMRC have introduced newpenalties for late filing of your personal Tax Return,
- even if there is no tax liability.
Your 2010/11 Tax Return must be filed with HMRC by midnight on 31 January 2012.
The penalties for missing the deadline are as follows:
| Length of Delay | Penalty to pay |
|---|---|
| 1 day late | Fixed penalty of £100 even if there is no to tax pay. |
| 3 months late | £10 for each following day up to maximum of £900 in addition to the penalty above |
| 6 months late | £300 or 5% of the tax due, whichever is the higher, plus the penalties above |
| 12 months late | A further £300 or 5% of the tax due, whichever is the higher, plus the penalties above |
