Current time
Bookmark with: Share/Save/Bookmark

A desk is a dangerous place from which to view the world
A desk is a dangerous place from which to view the world

Headline: Didn't receive a tax return? The tax man can still fine you
Description: The Inland Revenue plans to crack down on people who miss next Monday's self assessment tax-return deadline-even if their return did not reach them because it was incorrectly addressed.

The Revenue sends self-assessments to 9m taxpayers, but about 500,000 are returned marked "not known at this address" every year-usually because the recipient has moved.

However, the Revenue will not accept this as an excuse if you fail to file a return by the January 31st. Maddy Fuller of the Revenue said: "Taxpayers whose returns go to the wrong address can incur penalties and interest charges, but this can be easily avoided by keeping us informed."

The Revenue aims to raise £50m this year by tracing and fining 35,000 taxpayers who do not return their forms as a result of being incorrectly addressed.

A £100 penalty is payable if the Revenue receives your form after the 31st January although it cannot fine you more than you owe.
Date: 23.01.2005
Email a colleague
back
 

Things to do

Valid HTML 4.01!  Valid CSS!

 
Member of ACCA Member of Institute of Business Consulting Member of The Association of International Accountants Member of the Chartered Management InstituteMember of the Institute of Chartered Accountants


All contents copyright © 2004-2008 H&H Associates
Name copyright © 2004-2008 H&H Associates
Certified Management Consultants, Chartered Accountants and IT professionals.
Website design and development by iBEC Systems Ltd.