TIME is running out for self-employed Wearsiders to avoid hefty fines for failing to file their tax returns.
HM Revenue and Customs (HMRC) is warning anyone who has still not done their 2010/11 tax return to send it in online before the end of April, or face daily penalties.
Anyone whose Self Assessment return is more than three months late will now be charged a further £10 penalty for each day it remains outstanding, up to a maximum of 90 days, on top of the £100 late-filing penalty they have already received.
The deadline for online returns for 2010/11 was January 31, so the three-month breathing space expires at the end of this month.
HMRC’s Stephen Banyard said: “We want the returns and not penalties.
“So, if you haven’t sent us your 2010/11 return, you need to do one of two things urgently – either send it online by April 30 or call us if you think you shouldn’t have to complete one.”
Anyone who has received a late-filing penalty, but thinks they should not o be in self assessment, should call 0845 900 0444. If the claim is agreed, the penalty will be cancelled.