Brits advised to avoid HMRC fines for late tax returns

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Brits advised to avoid HMRC fines for late tax returns

Wed 26th Oct 2011

Individuals who have to fill in paper tax returns and send them to HM Revenue and Customs (HMRC) have been advised to do so promptly in order to avoid new fines that have been implemented by the body.

John Whiting, tax policy director at the Chartered Institute of Taxation, said there have always been fines for late payment of taxes, but now the late filing of returns will also result in penalties.

He commented: "One of the big changes is that, where as [previously] you could file your paper return late but [still] pay all of your tax on time, and that would be sufficient to wipe out the penalty, it's no longer going to work that way."

According to HMRC, all late paper tax returns will be met with a £100 fine even if there is no tax to pay or the tax you owe is still paid on time.

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