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.
Drastically fewer offices for HMRC in the hope to reduce their running costs
Tayabali Tomlin and d&t directors launch £20 a month TaxGo service, aiming to be the 'biggest UK firm' by client numbers
Companies must report on their complex financial structures including offshore accounts and notify HMRC
An examination by the Public Accounts Committee (PAC) has revealed serious concerns relating to HMRC’s plans