The deadline for paper based tax returns for tax year end 2010 is midnight 31 October, taxpayers who fail to meet this deadline face an automatic £100 fine.
Given the backlog of several weeks of unopened post within HMRC, how does HMRC know whether those paper tax returns sent in the weeks/days running up to the deadline were received before/after the 31 October deadline?
Tax does have to be taxing.
Professional Cover Against the Threat of Costly TAX and VAT Investigations
What is TAXWISE?
TAXWISE is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.
To find out more, please use this link Taxwise
Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.
Click the link to read about: Tax Investigation for Dummies