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Filling Out Your Tax Returns is a Fine Old Business

When it comes to submitting your tax returns, punctuality really does pay off. If you're already running late, beware these potential penalties.

With online submissions nowadays isn’t everything much smoother and quicker and all done well before time? If this is your first online return and you have sat on your paperwork so that you are only now getting around to it you will probably already be too late if you haven’t at least registered online. In this world of being online, I’m afraid HMRC still use the good old fashioned postal system to send you the activation code you will need to submit your online return. This can take up to seven days to reach you — perhaps even longer in the snow!

To read the article in full go to Spear's blog

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