More worrying still is the penalties now in force for late returns.
This extract from HMRC's website:
If you do still send a paper tax return and it reaches HMRC after the 31 October deadline, you'll have to pay a penalty. The penalty is £100. You'll still have to pay this even if:
- your return is just a day late
- you have no tax to pay
- you pay all the tax you owe before 31 January 2013
Remember, if you've missed the paper tax return deadline, don’t send a paper tax return, send it online. If you don't, you will have to pay a penalty."
Bettertax are registered HMRC tax agents and file our clients' tax returns online, and on time! Many of our clients had been too worried or not aware that tax returns should have been completed and had therefore not been claiming the tax refunds due to them.
It's a daunting prospect dealing with HMRC when you are in a tax mess but we can look at past years tax claims for you and liaise with HMRC on your behalf to get you up to date.
If you are at all worried about your tax situation, whether you're a CIS tradesman or PAYE construction industry worker, if you know you are behind with your tax returns or you just need some advice, we're happy to help.
Bettertax - Tradesman's Tax Refund Specialists 01280 821020
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