Taxman warns city folk
LONDONDERRY people who are self employed are warned to end in outstanding 2011-12 tax returns to HM Revenue and Customs (HMRC) by the end of January.
If you send your return late, you’ll receive a £100 penalty – even if you have no tax to pay or you pay your tax on time. The longer you delay, the more you’ll have to pay, as further late-filing penalties kick in after three, six and 12 months.
Further information on completing your tax return is available by visiting www.hmrc.gov.uk/sa or calling the Self Assessment helpline on 0845 9000 444.