Individuals and companies which have yet to submit their tax returns have now lost their chance to send off paper tax returns and can now only present the details on the web.
The due date for sending off paper tax returns was at the end of November, and the HMRC has said that any paper tax returns sent in after the 1 November will immediately result in a £100 bill, regardless of whether there is any additional tax to pay.
The fine is component of a new method of penalty charges added in this year to encourage people to send off their returns sooner and not miss due dates. Taxpayers do still have the power to file their tax return on the web on the HMRC’s website until the 31 January 2012.

Using the solutions of totally qualified accountants Manchester can assist businesses make sure that they do not miss any tax return deadlines and wind up with any unnecessary additional expenses in tax.

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