In the past the penalties for the late filing of a personal Tax Return were no real deterrent. The maximum automatic penalty of \u00a3200 or the lesser of the tax outstanding or a very late Return does not appear to have been too much of a deterrent.
\nIt has now all changed. Even when there is no liability, if a Tax Return is filed more than 12 months late, there are provisions for penalties of up \u00a31,600. Should a there be liability the penalties and even higher. You have been warned!<\/p>\n","protected":false},"excerpt":{"rendered":"
In the past the penalties for the late filing of a personal Tax Return were no real deterrent. The maximum automatic penalty of \u00a3200 or the lesser of the tax outstanding or a very late Return does not appear to have been too much of a deterrent. It has now all changed. Even when there[…] <\/p>\n