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Tardy taxpayer appeals for help

One of the nine million taxpayers covered by self-assessment has missed the deadline of January 31.

Asking the Mail on Sunday whether they now need to rush to file the return, won the individual a professional response.

Published in the paper’s Financial Mail supplement, Mike Warburton of accountants Grant Thornton said: “By missing the deadline you could incur a penalty of £100, but this will be limited to the amount of tax that is due.

If you have paid all your tax for the year, you will receive a penalty notice. You can appeal and need not pay immediately.

If there is any tax outstanding, it is important that you pay it by February 28, after which a 5% surcharge will apply.

You should send in your tax return as soon as you can, but you should not rush the preparation. It is better to have the return a bit late than incorrect.”

Feb 19, 2007
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