Tax News Links

HMRC mails out £85m in Self Assessment fines

HMRC mails out £85m in Self Assessment fines

*Please note the information in this article may be out of date

The printers and envelope stuffers at HMRC have been busy little bees in the last week or so, getting over 850,000 late Self Assessment fines out in the post. With each one demanding the £100 late filing fine, that's £85 million for HMRC. Of course there will be even more due as that does not include the tax that people actually owe the Revenue, or the other fines, penalties and interest that will be due by the time all is paid. 

More here on penalties for late Self Assessment Returns.

87