Outstanding tax returns: Daily penalties
17th April 2023
Tax returns for the tax year ended 5 April 2022 were due for filing by 31 January 2023.
HMRC will soon start issuing daily penalties where 2021/22 tax returns remain outstanding.
Where tax returns are not submitted within 3 months of the deadline (before 1 May 2023), taxpayers will be charged a flat rate of £10 per day, regardless of whether any tax is due. It is therefore more important than ever to ensure your tax return is filed before the end of the month.
Please contact your local office if you need our assistance.
Disclaimer - All information in this post was correct at time of writing.
