Tax Accountant in Surrey

Affordable fixed fee personal tax packages. Covering tax returns, self employed & rental accounts, bookkeeping and complex tax affairs. Making tax as easy as possible for clients since 2006.

  • E-mail
  • LinkedIn
  • Twitter
  • Home
  • Services
    • Fixed-fees
    • Bronze – Tax Return
    • Silver – Return & Accounts
    • Gold – Complex Returns
  • Resources
    • Books
    • Business Course
  • About
  • FAQ
  • Clients I’ve helped
  • Blog
  • Contact

Daily fines for a late 2017 tax return are approaching

Daily fines for a late 2017 tax return are approaching

Although we have now started on completing 2018 tax returns(covering the year to 5th April 2018), there may be some people who have yet to complete the 2017 tax return.

This should have been submitted to HMRC by 31st January 2018, so has already incurred a £100 fine for being late. On top of that there will be interest and a surcharge on any tax that turns out to have not been paid already.

However, there is another significant fine approaching at the end of April 2018… daily penalties of £10 if the return still hasn’t been submitted.

The £10 daily fine is charged for up to 90 days, meaning a potential £900 fine awaits those who haven’t yet submitted their 2017 tax return.

The fine is for the return being late, and unrelated to the tax position, so it can be charged in cases where originally a tax refund would have been due – reducing or even eliminating it entirely. Turning a refund into a penalty liability by being late.

If you know anyone who has still to complete their 2017 tax return, it is important that they deal with this as a matter of urgency before the daily fines start in May 2018.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Related

Comment Cancel reply

Tax & small business news

  • HMRC Home working claim changes for 2023
  • The 2022 Tax Return
  • National Insurance changes from July 2022
  • Making Tax Digital postponed until 2024
  • National Insurance increase from April 2022
  • Dividend Tax Increase from April 2022
  • Taxhelp celebrates 15 years in business
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie & Privacy Policy

Accountant in Surrey

Are you looking for a personal tax specialist?

I built up my tax experience in industry and practice over 17 years before founding my own practice in 2006.

Based in Cobham, Surrey I can also help clients throughout the UK.

  

My goal is to make personal tax and accounts for the self-employed as easy as possible for clients

 

Award-winning Accountant

Small Business Saturday is the UK's most successful small business campaign. Only one hundred of the UK’s top small businesses are selected each year for the SBS100. They act as trail-blazers in the official count-down towards the annual event.

I was one of the alumni from the 2014 Small Business Saturday 100, resulting in two visits to Downing Street.

In the Surrey Digital Awards from 2015 - 2018, I was also the winner of several top awards.

© 2022   ·   taxhelp.uk.com Ltd     ·     Privacy & Cookie Policy     ·     Terms & Conditions