Tuesday 19 February 2013

Tax event due on March 2

The following Tax Events are due on 02 March 2013:
5% late payment penalty on any 2011/12 outstanding tax due on 31st January 2013 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 2012 was due for payment by 31st January 2013.
Where the payment is made late interest will be charged.
On 2 March 2013 a late payment penalty of 5% will be added to the outstanding liability.
If we have already dealt with this matter on your behalf you need take no action.

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