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Still have not made your 2012/13 tax return? It's 10 a day fine from today

Still have not made your 2012/13 tax return? It's 10 a day fine from today

*Please note the information in this article may be out of date

From the 1st of May, HMRC will fine any late 2012/13 self assessment returns £10 a day. This is on top of the £100 late fine earned on the 1st of Feb. They can keep fining you £10 a day for up to 90 days.

Even if you can not afford to pay the tax owing right now, submit your return as the fines for not making a return are significant, and in many cases, cost more than the interest charged on late payment.

Have a look at our article on late self assessment fines.

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