Latest News
-
15th May 2012
Expert urges UK businesses to outsource key projects to contractors -
14th May 2012
Demand for IT contractors with digital skills ‘explodes’ -
10th May 2012
Six months of AWR and demand for contractors still is not dented, says REC -
10th May 2012
Is another media backlash against public sector contractors in the offing? - More Atlantic News
28th September 2011
HM Revenue and Customs (HMRC) advises that failure to meet the October 31st deadline will result in a £100 penalty, regardless of whether the tax due is paid on time.
There are further penalties after three, six and 12 months under the new regime.
By sending a tax return online, the deadline is extended by three months, although workers cannot turn to this option after they have failed to send in a paper return.
Filing online also has other advantages, HMRC revealed, such as an instant online acknowledgement, automatic tax calculations and faster processing.
It was recently announced that HMRC was to extend its Business Records Checks programme, as a survey found that 12 per cent of companies have seriously inadequate paperwork.
A further 44 per cent were found to have issues with their record keeping.
HMRC warns of paper tax returns deadline
The deadline for paper tax returns is fast approaching, HMRC has warned.
HM Revenue and Customs (HMRC) advises that failure to meet the October 31st deadline will result in a £100 penalty, regardless of whether the tax due is paid on time.
There are further penalties after three, six and 12 months under the new regime.
By sending a tax return online, the deadline is extended by three months, although workers cannot turn to this option after they have failed to send in a paper return.
Filing online also has other advantages, HMRC revealed, such as an instant online acknowledgement, automatic tax calculations and faster processing.
It was recently announced that HMRC was to extend its Business Records Checks programme, as a survey found that 12 per cent of companies have seriously inadequate paperwork.
A further 44 per cent were found to have issues with their record keeping.
Related News
