Buzz People

Fine warning as HMRC delays tax return penalty letters

axpayers who missed January's self-assessment deadline might see increased fines because of a delay in sending out penalty notices, experts have warned.
HM Revenue and Customs (HMRC) normally sends warnings in February, but this year some may go out from late April.
From 1 May the standard £100 fine rises by £10 a day - so when letters arrive, penalties could already be accruing.
HMRC blamed increased workload from Brexit for the delay but said no one would be "unfairly penalised".
It is thought 746,000 taxpayers missed the deadline for tax returns to be submitted online on 31 January.
In a notice issued on Friday, HMRC said: "We expect an increased demand in our call centres as the UK leaves the EU, so we intend to delay the issue of these notices to ensure we can provide the best service to our customers.
"This will release those staff for EU exit related work.
"We will issue daily penalties to individuals who have still not filed three months after the deadline, in appropriate cases, at the normal time."

https://www.bbc.co.uk/news/business-47343828
Register Now