We agree to get your accounts in on time, or we will pay the fine!

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We agree to get your accounts in on time, or we will pay the fine!
Self Assessment Late Payment Charges
As the Self Assessment deadline has now passed; HMRC will begin to start issuing penalty notices to those clients who did not meet the legal requirement to file their returns on time.

HM Revenue and Customs form

HM Revenue and Customs form

A fixed penalty of £100 will be due for all returns which were outstanding at 31 January 2015. This penalty is no longer reduced where the liability is lower than this or where a repayment is due.
HMRC will also start to add £10 daily penalties up to a maximum of 90 days where the return remains outstanding after 3 months.

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