Tax events due on March 1

The following Tax Events are due on 01 March 2012:
5% late payment penalty on any 2010/11 outstanding tax due on 31st January 2012 still remaining unpaid
What this means for you?
This deadline is relevant to individuals who need to complete a self assessment tax return and make direct payments to HMRC in respect of their income tax and Class 4 NI liabilities and any capital gains tax.
The balance of any outstanding income tax, class 4 NI and capital gains tax for the year ended 5th April 2011 was due for payment by 31st January 2012. Where the payment is made late interest will be charged. On 1st March 2012 a late payment penalty of 5% will be added to the outstanding liability.