June 29th, 2011

Huge Tax Penalties ahead for Late Filing

With the summer stretching out before us the last thing on the mind of many people will be getting their tax return done. But it’s worth remembering the massive increase in penalties for late filing.

For 2011/12 there’s a new set of automatic penalties which are a real deterrent. For example, someone filing their return on 31 July 2012 (six months late) will owe a whopping £1,000 in penalties – plus a further £300 or 5% of the tax owed (whichever is higher).

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HMRC Penalties

by
Managing Director

Jonathan trained as a chartered accountant with Price Waterhouse (now PWC) in Liverpool before becoming a small business services manager for Grant Thornton in Warrington. He also spent three years as the financial controller for Brookside and Hollyoaks (not that he ever mentions it!).

Jonathan is recognised as a specialist in the entertainment industry and is often called upon to provide training courses and seminars for media professionals. He's also a bit of a technology geek and has been recognised with the accountancy industry as one of the most progressive accountants in the UK.
Outside of work Jonathan is very proud to be the Treasurer of the Tim Parry Johnathan Ball Foundation for Peace and to be on the Council of the Liverpool Institute of Performing Arts (LIPA)

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