Good news for tax underpayments
Don’t forget if you send in a paper tax return for 2008/09 it must reach Revenue & Customs by midnight on 31 Oct. Those who miss the deadline will have no option but to file online. Those filing particularly complex returns such as a Trust tax return may not be able to file online. The good news is for those of you who under pay by £2,000 or less, the taxman is likely to collect via PAYE coding rather than collecting directly on 31 January.
There are penalties if you do not make a full and accurate tax return.
**Stop Press** HMRC have announced this week that any Returns missing the deadline due to the postal dispute will (on appeal) have their penalties waived
Contact mark.busby@dbsellek.co.uk or 01344 620495
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