Tuesday, 16 July 2013

Have You Submitted Your 2011/12 Tax Return?



The Inland Revenue have launched a new voluntary scheme for individual taxpayers for those who have not yet done so.

Under the scheme, those taxpayers have until 15th October 2013 to file the 2011/12 return and they will benefit from a reduced penalty of 10% and interest on the tax due.

After 15th October the penalties jump up to between 30% and 100% of the tax due with an additional risk of criminal investigation.

Late filers of the 2011/12 tax return are already incurring significant penalties. If they have not been filed by the end of August, another £300 will be added to that already owing.


If you are struggling to prepare the 2011/12 tax return you do really need to move very quickly. We will be pleased to help so in the first instance call Charles Little on 01234 301000.

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