December 21. 2017
The deadline to file your self-assessment tax return and pay any liabilities
that are due is fast approaching, it is 31st January 2018. Less than
6 weeks to go!
You may have a reasonable reason for missing the deadline, but this has
to be communicated with HMRC and there is no guarantee they will accept your
reasons.
HMRC have published some of the excuses that are given for late filing;
1. My tax papers were left in the
shed and the rat ate them
2. I’m not a paperwork orientated
person – I always relied on my sister to complete my returns, but we have now
fallen out
3. My accountant has been ill
4. My dog ate my tax return
5. I will be abroad on deadline
day with no internet access so will be unable to file
6. My laptop broke, so did my
washing machine
7. My niece had moved in – she
made the house so untidy I could not find my log in details to complete my
return online
8. My husband ran over my laptop
9. I had an argument with my wife
and went to Italy for 5 years
10. I had a cold which took a long
time to go
The above excuses were used in appeals to HMRC against penalties for
late filing. As you might guess, the appeals were unsuccessful.
You will receive £100 penalty for submitting your tax return after the deadline date.
If you would like to chat about FBTC completing your accounts and tax returns,
contact us now on 0344 984 2515 or email fbtcenquiries@fbtc.co.uk