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Self Assessment – New penalty regime for 2010/11

April 22, 2011 by Lyn Lulham

As of April 2011 HMRC will be issuing 2010/11 notices and paper returns. They will also include information on penalties detailing the implications of filing and paying late. The penalty issued previously for filing late was £100, now penalties are set to increase over time and as an example if someone is 6 months late they could incur a penalty of up to £1,300.

For more information and a clear breakdown of how penalties may be incurred please follow the link below alternatively please do not hesitate to contact us.

HMRC Self Assessment Penalty Information

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