It's that time of the year again when HM Revenue & Customs (HMRC) reminds taxpayers that they need to get their returns in by January 31st (so they can help Gordon Brown fund his grandiose spending plans).
It's that time of the year again when HM Revenue & Customs (HMRC) reminds taxpayers that they need to get their returns in by January 31st (so they can help Gordon Brown fund his grandiose spending plans).Around 2 million returns were filed online in 2005/06, and already this year an estimated 1.5 million people have filed online.
Remember, the final deadline for completing and filing your self assessment Tax Return and paying any money owed is January 31st. If you miss this deadline you'll receive an automatic £100 penalty for late filing and you'll be charged interest on any money paid late.
Late payers also face a surcharge of 5% on any amounts still outstanding after 28 days, with persistent non-filers facing daily penalties of up to £60 per day.