HMRC Self Assessment Tax Return ReminderSunday, January 22nd, 2012
This is just a repeat of the news items from last week, as it is especially relevant at this time of year.
In its New Year message, HMRC have issued a reminder to those who have still got to complete their Tax Return for 2010/11. This has to be filed:
- Online, and
- By midnight 31 January 2012
The quote from HMRC says:
Missing the 31 January deadline will mean that Self-Assessment taxpayers will face penalties…. we want the tax returns, not the penalties’
This is just issued as a warning to payroll departments who, inevitably, will be faced with the prospect of employees having misplaced their P60s and P11Ds.
In 2011, HMRC faced criticism at a number of First Tier Tribunals about the issue of allowing penalties to accumulate before reminder notices were sent. It is, therefore, comforting to read in this message that HMRC’s priority is the returns and not the cash.