HMRC Registration Reminder for Online Tax Return Filing

Saturday, December 10th, 2011

The deadline for the submission of paper Tax Returns for 2010/11 tax year passed on 31 October 2011.  Any remaining Self-Assessment Returns must now be filed online by 31 January 2012 to avoid penalties, together with any tax due.

HMRC have issued a Press Statement reminding taxpayers to ensure that they have registered to use the online service so that this deadline is met in plenty of time.  Upon registration, users will get a User ID immediately but will also require an Activation Code.  This can take up to 10 days to arrive, as it is posted out.

Therefore, action points must be:

  • New users – register as soon as possible, remembering to allow the 10 days for the Activation Code to arrive
  • Existing users – check that you still have your User ID and Activation Code, remembering that a replacement Code will take the same 10 days to arrive

Comment

This is a timely reminder and responsible of HMRC to issue it.  It is good for payrollers to be aware of it.  Remember that there is also an earlier deadline of 30 December 2011.  This is if the taxpayer wants to request that HMRC collect any underpayment through the tax code.  This is available if the underpayment is less than £3,000.00; however, note that although this method of collection can be requested, HMRC say that they cannot always guarantee they will be able to do it.

Note also the penalties for late submission, even if there is no tax to pay:

Delay Penalty
Initial (1 day delay) Fixed £100.00
3 Months £10.00 for each subsequent late day, up to a 90-day maximum of £900.00
6 Months In addition to the above, £300.00 or 5% of the tax due, whichever is the higher
12 Months In addition to the above, £300.00 or 5% of the tax due plus the threat of being asked to pay 100% the tax due

 

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