Click to call
Linkedin Twitter
  • Home
  • Expertise
  • Contact Us
  • Testimonial
  • Creative
  • Blog
Menu
  • Home
  • Expertise
  • Contact Us
  • Testimonial
  • Creative
  • Blog
  • info@bsamarketing.com
  • 01457 851111
  • Home
  • Expertise
  • Contact Us
Menu
  • Home
  • Expertise
  • Contact Us
  • Testimonials
  • Creative
  • Blog
Menu
  • Testimonials
  • Creative
  • Blog
Twitter
LinkedIn

Unpalatable – but important

Tax Returns are just one of those things you have to deal with – a bit like dentists – but unlike your dentist, there are serious penalties for missing your appointment and this year they are more draconian than ever. Thank you to Peter Hayes from Newland Hayes Accountants for this timely reminder.

Penalties for missing your Tax Return deadline

Note: These penalties relate to filing your Tax Return, NOT paying any tax you may owe. All penalties are CUMULATIVE!

1 Day Late

A fixed penalty of £100. This applies even if you have no tax to pay!

3 Months Late

£10 per day for each day late after the first day up to a 90 day maximum – £900

12 Months Late

£300 or 5% of the tax due whichever is higher. In serious cases you may have to pay up to 100% of the tax due. All of the above penalties are cumulative.

Here is an example:

Mrs A’s tax return is due on 31st January 2012 but HMRC don’t receive it until 5th August 2012 Mrs A’s return is over 6 months late so she will have to pay the following penalties: £100 fixed penalty PLUS £900 penalty – i.e. £10 per day for the 90 days from 1st May 2012 to 29th July 2012 PLUS £300 or 5% of the tax due whichever is higher A total of AT LEAST £1300 – and this is even if she had paid her tax on time! You have been warned! If you need any help with your Tax Return do get in touch with Peter who will be able to help.

Duncan Wright

Duncan Wright

Over the past 25 years, working in both the corporate world, and the field of SME marketing consultancy, Duncan Wright has developed extensive knowledge & experience that really adds value to BSA Marketing's clients. As a member of the CIM, and as a Chartered Marketer, Duncan has the marketing knowledge to come up with relevant and innovative marketing strategies for clients, whilst at the same time possessing the technical knowledge to turn these strategies into relevant and sustainable marketing campaigns in the real world.
Twitter Linkedin
  • info@bsamarketing.com
  • 01457 851111
BSA Marketing
Glossop Gasworks
Arundel Street
Glossop
SK13 7AB
© BSA Marketing 1996-2022
  • Terms & Conditions
  • Data Privacy
  • Contact Us
  • Support
Menu
  • Terms & Conditions
  • Data Privacy
  • Contact Us
  • Support
Contact Us

Let's TALK

Our relationships with our clients are key to our business but we all have to start somewhere. If you have any questions, please drop us a line – or call on 01457 851111

You can also check us out on Twitter or LinkedIn. 

Twitter Linkedin

Contact Us