HMRC TAX RETURN AMNESTY

Taxpayers who have failed to submit tax returns, previously requested by HMRC, have been offered the opportunity to catch up and settle their arrears.

Under the terms of “My tax return catch up”, taxpayers, who have not yet submitted a self-assessment tax return that has been sent to them or requested by HMRC for any year up to 2011/12, are able to do so and mitigate any late filing penalties.

To take advantage of this amnesty you have until 15 October 2013 to complete the following three steps:
1. Tell HMRC you wish to take part
2. Complete the outstanding returns, either online or by paper.
3. Pay the resulting tax and National Insurance

Any returns that remain outstanding after this amnesty may incur penalties of up to 100% of the unpaid tax. In addition HMRC may take legal action for late submission.

If you require any further information on this or assistance with your tax returns in general please contact Christine Wallwork (christine@in-accountancy.co.uk) on 0161 975 6685.

Let’s start a conversation 

    Subscribe me for updates and news from In Accountancy

    Related articles

    time to pay arrangement
    Limited Companies

    Time to Pay Arrangements: A Lifeline for Owner-Managed Businesses

    Are You Struggling to Meet Your Tax Obligations?

    More than 30,000 UK businesses were involved in some kind of insolvency action in 2023, which was an increase of more than 50% compared with 2021 according to an article in the Guardian earlier this year.

    And the economic outlook would suggest that despite the fact that we are no longer in recession, 2024 and 2025 will be a challenging year for UK small business.

    With this in mind we have prepared the following guide and associated video to help you understand what your options are with regards to agreeing what is known as a ‘Time to Pay’ arrangement with HMRC.

    Read More »

    Find out how we can help?

    Lectus scelerisque a donec tincidunt litora per eleifend eget ut sagittis conubia pharetra scelerisque dui ultricies duis parturient auctor adipiscing.

     

    Let’s start a conversation 

      Subscribe me for updates and news from In Accountancy

      IN-ACCOUNTANCY

      Search