This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.

HMRC fines 1.5m taxpayers for late self-assessments

  • Print
  • Comment

HM Revenue and Customs has handed out fines to over one a half million people who were late filing their self assessment tax returns this year.

According to a freedom of information request by the Daily Telegraph, HMRC’s automatic penalty system jumped 8 per cent from last year and is up 56 per cent in the past five years.

The amount payable has also changed from a fixed penalty of £100 to a maximum of £1500, depending on the amount of tax owed. The next deadline for those looking to make paper returns, rather than use the internet, is October 31.

After the minimum fine of £100, a person is charged £10 for each day they do not file their tax return. There is a 90-day maximum of £900 on this fine.

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth

The Budget: What do people really know?

Fund Data

Editor's Pick


Are you happy with the outcome on the Budget guidance adviser levy?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments