Tax: HMRC Sends Out 850,000 £100 Penalty Notices
Tax officials are sending nearly one million penalties to taxpayers who failed to file self-assessment returns by the end of January, Sky News has learned.
By February 20, HM Revenue and Customs (HMRC) will have completed a mail-out of £100 fixed fines to around 850,000 taxpayers.
The letters are being sent to those registered for self-assessment (SA) but who failed to file personal 2011-12 tax year returns online by January 31.
The penalty payments will boost HMRC coffers by around £85m. The late filing figure is down on the penalty number for the 2010-11 tax year.....Read more