HMRC Is Shite

HMRC Is Shite
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.

Wednesday, 12 February 2014

Fines For 710,000

According to HMRC (via the BBC) there are an estimated 710,000 tax returns outstanding, last year the figure was 730,000.

Given that the £100 penalty system is automated, the tardy 710,000 can expect fines to be landing on their doormats in due course. However, those who offer a reasonable excuse for failing to file on time (eg flooding) may see the penalty waived or refunded.

Three months after the deadline additional daily penalties of £10 a day apply, up to a maximum of £900 if no forms have been returned. After six months, there is a further penalty of 5% of the tax due or £300, whichever is greater. After 12 months, there is an additional 5% or £300 charge.

Therefore if you filed late, but have a reasonable excuse, make sure you contact HMRC as soon as possible.

Tax does have to be taxing.

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