White Collar Consultants Limited

So much more than tax

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We are often asked what HMRC's policies are in regard to late submission and penalties for self assessments;
The penalties for late tax returns are:

- an initial £100 fixed penalty, which applies even if there is
no tax to pay, or if the tax due is paid on time;
- after 3 months, additional daily penalties of £10 per day,
up to a maximum of £900;
- after 6 months, a further penalty of 5% of the tax due or
£300, whichever is greater; and
- after 12 months, another 5% or £300 charge, whichever
is greater.

Why pay more, just because you don't have the time to complete your return?
Call a member of our team to find out how WCC can help you.

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