Ker Farking Ching!

Sky News reports that between 650,000-850,000 taxpayers are set to be hit with daily fines by HMRC, after failing to file their tax returns for 2011/12.

HMRC sent out automatic £100 penalties to around 850,000 people by February 20, the defaulting taxpayers were then given three months to file their accounts.

However, it is believed that hundreds of thousands have still to complete their forms.

As I recently noted, as from May 1 a new daily fine of £10 will be levied on those who have not filed their returns.


Tax does have to be taxing.

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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

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