HMRC relaxes self-assessment deadline rules
People can hand in their self-assessment forms four days late and still won't be fined, HM Revenue & Customs (HMRC) has said.The current deadline for the return of the forms still stands on October 31st.However, the tax authority will now allow people to hand in the paperwork by hand by November 4th without facing the £100 penalty, the BBC reports.Previously, HMRC allowed leeway of one day following the old January deadline, before levying fines.However, the reform of the system, along with the fact that October 31st falls on a Friday this year, means that the rules will be relaxed.Talking to the BBC, an HMRC spokesman said "It is a little more complicated this year because of the closure of our offices at 5pm and no opening over the weekend."He added: "There is no change to our rules. It is just that we hopefully this year have spelled it out in a much clearer way, so that there can be no doubt as to when a penalty will be charged."
Share this..
Related stories
When will UK taxes start to fall?
As we see an increase in both direct and indirect taxes across the UK a number of consumers are starting to ask when we could see UK tax rates fall back. The problem is that with the UK budget deficit set to hit nearly £700 billion over the next four years there is a growing black hole for taxpayers to fill in due course. Recent forecast suggests upwards of £2000 per taxpayer in UK would be requ...
Read MoreRetail sales up but where is the money coming from?
As UK retail sales improved again in July, after a particularly strong June, there is optimism on the high street but mystery as to where UK consumers are getting their money from. At a time when the property market is yet to fully recover, unemployment is set to smash through the 3 million barrier and the cost of living is still significantly higher than 12 months ago, how are UK consumers fundin...
Read MoreDid the government abuse its power in the banking sector?
While the banking sector has certainly fought back against the UK government and the various demands which have been made over the last eight months, some still believe this is payback time for the UK government, which is believed to have forced through the Lloyds bank and HBOS merger. Even though there is no hard evidence to suggest this is the case it is rumoured that Gordon Brown himself became...
Read MoreAA slams road pollution tax
New pollution-linked road taxation is very unpopular among drivers, the AA has claimed.A new poll of the association's members shows that 82 per cent believe that road tax is "stealth tax" - and that 56 per cent want to see Vehicle Excise Duty (VED), which groups cars into pollution bands and then levies them accordingly, stopped.The survey also found that 59 per cent believe the government's deci...
Read MoreAlistair Darling gets a thumbs down from the business arena
This week's budget from Alistair Darling has obviously been the talk of the financial papers for some time but this weekend sees a number of articles suggesting that the business arena is very disappointed with the outcome. A recent survey showed that 45% of business leaders polled about the budget believed it is actually damaging to the economy with only 16% seeing a positive impact. So why has t...
Read More