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Dedicated to the taxpayers of Britain, and the employees of Her Majesty's Revenue and Customs (HMRC), who have to endure the monumental shambles that is HMRC.
Tuesday, 31 January 2012
HMRC Clarifies The Year End Deadline Extension
In case you were confused by the recent announcement of a 2 day deadline extension by HMRC, HMRC have issued further clarification.
HMRC have emphasised that this is not actually an extension of the deadline, since this would have required legislation to implement an extension.
Instead HMRC is using its ‘collection and management’ powers, which allow it not to collect sums that are legally due if it would not be cost effective to do so.
In this case, people affected by not being able to contact HMRC with queries on 31 January, who then can’t file their returns, could appeal against the penalties on the grounds that they have a ‘reasonable excuse’ for being late so no penalty would be due in the end.
The cost of this exercise to HMRC would outweigh the penalties that might be due from the small number of people who might file late anyway on 1 and 2 February without a reasonable excuse for being late.
Everyone clear now?;)
Tax does have to be taxing.
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