As we are fast approaching the ‘dreaded’ 31st January deadline for Self-Assessment tax, we are urging all of our clients to bring in their information as soon as possible. Failure to do so will incur late filing penalties to HMRC, as well as late payment interest.
HMRC will issue an initial £100 fixed penalty, following this after 3 months additional daily penalties are then incurred of £10 per day, up to a maximum of £900.
To prevent this happening to you, please bring any remaining books and records into the office urgently.
