Those who failed to submit the forms before 31 January this year will face an automatic £100 fine, which could net the Inland Revenue £90m. Overall 8.58m forms, out of 9.47m sent out, were returned on time.
Self-assessment forms that missed the deadline will also be open to full investigation by the Inland Revenue for up to 15 months, as opposed to the normal enquiry period of 12 months.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy