HMRC’s Late Tax Return Catch-up Campaign
The Taxman has launched a campaign to persuade tardy taxpayers to submit their late tax returns for 2011/12 or earlier years. If you have a personal tax return form (or notice to complete a tax return) sitting in a drawer, and have been putting off the tedious task of completing it, now is the time to act.
The Taxman’s campaign is called: My tax return catch-up. It was launched in July and will run to 15 October 2013. It is not open to those who operate outside the tax system in the so-called ‘black economy’, and have never received a tax return form or notice to submit a tax return.
All the late tax returns must be submitted by 15 October 2013, which is also the due date for paying any tax due. If you can’t pay all your outstanding tax by that date, you can ask for a time to pay agreement to spread the late tax payment over several months.
The incentives for joining the tax return catch-up campaign include lower penalties for late tax return submission and late payment of tax. Just how much lower those penalties will be is not specified, the actual discount will depend on your circumstances.
If you, or a friend or relative, want to take part in the late tax return campaign, that taxpayer first has to tell HMRC they want to join. This can be done online, by phone or post and we can do this on your behalf. We can also help with completing the late tax returns, calculating the tax due, and negotiating for time to pay outstanding tax with the tax office. Remember submitting a late tax return can sometimes result in a tax repayment!
Newsletter issue – August 2013. Save Tax! Sign up to receive tax tips and news.
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