Posted 23/04/2013 by Will Farnell
The online deadline for filing self-assessment returns for the 2011/12 tax year was 31 January. Individuals that missed this deadline will have already received an initial £100 late-filing penalty.
From 1 May, HMRC will charge an additional daily £10 penalty for each day the online return is late, up to a maximum of 90 days.
For paper returns, which were due by the 31 October deadline, daily penalties began on 1 February.
Further penalties of at least £300 - or five per cent of the tax due, whichever is the greater - will then be issued for returns that are six and 12 months late.
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