Small businesses across Doncaster who file their tax returns on paper are being urged to avoid the heftiest fines yet for late returns, by ensuring they meet HMRC’s October 31 deadline.
Nigel Woodhouse, who runs TaxAssist Accountants in Doncaster, said: “Individuals and small businesses across Doncaster that need to file self-assessment tax returns, now face the heftiest fines yet if they miss HMRC’s deadline.
“There is an initial £100 fixed penalty, even if there is no tax to pay and the tax due is paid on time. After three months, additional £10 a day charges apply and the penalties just keep rising.
“Even if you post your paper return just prior to the deadline date, you might still face the £100 fine, as the documents could arrive late at HMRC.”