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Avoid fines for late returns if possible

22-01-2020

More than a billion pounds in fines for filing tax returns late were avoided by taxpayers between 2012 and 2018 after they convinced HMRC to waive the charges, the Telegraph reports. But as the deadline looms for the 2018-19 tax year, accountants warn taxpayers to submit on time, even if they have a reasonable excuse for filing late. Zena Hanks, of Saffery Champness, said: “The appeals process is no quick-fix solution, and the procedure can embroil the taxpayer for years, with an uncertain outcome hanging over their head.”

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