paper tax returns

Get your Paper Tax Returns in

Get your Paper Tax Returns in

HM Revenue & Customs (HMRC) has reminded business owners who intend to file paper self-assessment tax returns that they now have just three weeks left to submit them before the 31st October deadline. If businesses miss the October cut-off date, they are required to file their return online, or pay a penalty of £100. Those intending to file their return online have until 31st January 2010 to submit their details. For tax returns received by 31st October, HMRC will calculate any tax owing, inform business owners what must be paid and collect any sum less than £2,000 via their tax code. All outstanding tax payment must be made by 31st January, regardless of whether the return is submitted by paper or online. After this date, daily interest will be charged until the amount is p... »