Friday 30 August 2013

Catching up with Tax Returns

Until 15th October 2013, HM Revenue & Customs (HMRC) are running a campaign to encourage personal taxpayers to submit their overdue tax returns.


The campaign, called “My Tax Return Catch-up,” is aimed at individuals who have been sent a personal tax return form (or notice to complete a tax return) for the 2011/2012 tax year, or earlier. It is intended to offer a quick and straightforward way to bring your tax affairs up to date and by taking part you will receive better terms than would normally be the case.

To take part in My Tax Return Catch Up there are three steps – firstly to advise HMRC that you want to join the campaign; secondly to complete and submit all your outstanding returns; finally to pay the sum owed (or claim any repayment that might be due).

The 15th October is the deadline for submitting outstanding returns and is also the date for paying any tax which is due. However, if

payment in one lump sum is not practical, then you are able to ask for the tax bill to be spread over a number of monthly payments.

The incentive for joining this catch-up campaign is a reduced penalty for late submission of returns or late payment of tax. Therefore, this opportunity to get your tax affairs in order should not be missed.

If you have found the completion of tax returns to be a daunting task and would like help, please contact the office on 023 8023 4222

No comments:

Post a Comment

Followers

Powered by Blogger.

Gareth Stokes
Director

t: 023 8023 4222

HJSGrouplogogrey
HJS61

Home | Contact Us | News | Links | Blog