Chartered Accountants Tax News - 12th October 2009

Mon, Oct 12, 2009

Paper tax returns for the 2008-09 tax year must reach HMRC by midnight on Saturday 31 October 2009. The deadline for paper tax returns is only normally later than 31 October if the tax return or a 'Notice to File' online is received by a taxpayer after 31 July, or there is no software available to file the tax return online, for example in the case of Non-Resident Companies. Tax return submissions online have an extended filing date of 31 January 2010.
If the paper return has a 31 October deadline and is submitted to HMRC after that date, then an automatic £100 penalty will apply. Late Partnership returns attract a £100 penalty for each partner. Late Trust and Estate returns result in a £100 charge to the trust or estate.

Full details of the 31 October deadline are available here

Recommended Reading

Featured book

A Practical Guide to Insolvency by Kavanagh Fennell now available on the iBookstore This easy-to-use guide to the complexities of insolvency in Ireland for business managers, accountants, and other professionals, previously published in paperback, is available for your iPad in the iBookstore and for your Kobo eReader from KoboBooks.

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