April 10th, 2013

How to get a £1,000 fine for submitting your tax return in April

If you have a tax return for 2011/12 still outstanding then it’s possible to get yourself landed with a £1,000 bill – just for sending it in late this month.

The deadline for submitting a tax return was 31 January 2013 but this only applies to tax returns submitted online. If you want to submit a paper tax return then the deadline was 3 months earlier – 31 October 2012. What this means is that if you submit a paper tax return in April you’ll get a £100 penalty for submitting after 31 October AND a daily penalty of £10 per day for every day after 31 January 2013 (when a paper return is more than three months late). Leave it to the end of April and your fine will be £1,000. Leave it until after then and you can add another £300 or 5% of the tax due – whichever is higher.

Of course, you can save a fortune just by submitting your tax return online.

You won’t be surprised to learn that if you do get a penalty for submitting a paper return then you can’t put this right by then submitting a return online!

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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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