Half a million face penalties for late filing
Posted by mostafa on 17 August, 2012
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This item was filled under Tax
Around half a million people are set to be fined for failing to submit their 2010/11 self assessment (SA) tax returns.
Penalties of at least £1,200 are being issued by HMRC, comprising the maximum £900 in daily penalties for non-filing, plus a further late-filing charge of £300 or 5% of the tax due, whichever is higher.