DNS-Accountants

HMRC Tax Return Catch Up

Behind with your tax? HMRC offers an opportunity to get ahead

In July HMRC announced an incentive to help taxpayers with overdue tax returns. My Tax Return Catch Up is a new facility for filing a tax return for any year up to 2011/12.

HMRC tax return catch up

The facility means that penalties will be significantly reduced and, although late filing penalties, late payment penalties and interest will still apply, HMRC has announced that it would not apply the highest penalty, that is the late filing penalty equal to 100% of the tax due for tax returns which are more than 12 months' late, to anyone filing through the Catch Up facility.

Users of this facility will also be spared:

  • Determinations, an estimate of tax liability made by HMRC;
  • Referral to debt collection, which may result in unwanted telephone calls and visits; and
  • Possible court action.

Catch Up is not available to individuals for whom HMRC has already opened an investigation, enquiry or compliance check into their tax affairs, or if individuals are not currently registered for self-assessment. HMRC's intelligence gathering software, Connect will contact relevant individuals, anyone who has received a notice to file a tax return for any tax year up to and including 2011/12.

Catch Up expires on 15 October 2013, by then you must submit any outstanding returns and pay any tax and NI due. HMRC will discuss time to pay if your situation warrants it.

Contact DNS today to discuss any concerns you have about your tax affairs. We can assist you:

  • Prepare your outstanding tax returns
  • Calculate any tax payable or repayable
  • Estimate late filing and late payment penalties and any interest likely to be due.

There's more information on tax and penaltieson our blog.

Speak with an expert

Any questions? Schedule a call with one of our experts.

About the author
Blog Author

Sumit Agarwal
Sumit Agarwal (ACMA ACA India), the Managing partner of dns accountants is a highly respected accountant with expertise in helping owner-managed businesses.

  • Book a free consultation
Receive accounting news and updates in your inbox

About the author
Blog Author

Sumit Agarwal
Sumit Agarwal (ACMA ACA India), the Managing partner of dns accountants is a highly respected accountant with expertise in helping owner-managed businesses.

DNS-Accountants

See how dns can help
you today.

Save tax
Save tax

Our experts will work with you to reduce your corporation, personal or any other tax liability, all within the rules of the UK tax legislations. We’ll ensure you’re claiming all allowances and expense claims that you would be elegible for.

Reduce your admin
Reduce your admin

We give free software to all of our clients. You’ll be able to raise sales invoices, snap pictures of receipts and be MTD compliant with ease. You can even manage your business anywhere there’s an internet connection, thanks to our mobile app!

Grow your business
Grow your business

Successful business owners are those that are on top of their numbers. Businesses are driven by the numbers behind them. If you’re not reviewing your profit & loss or balance sheet regularly, how would you know how your business has performed and how would you make proper business decisions? We can help you make sense of your numbers.

Free Business Software!

Limited time only!

Free Business Software

Say Goodbye to Bookkeeping Hassles: Nomi offers Free Receipt Processing and big savings!

  • Built in payment solutions.
  • Track profitability, debtors and creditors
  • Snap pics of receipts with the mobile app
  • Free Receipt Processing
  • Hasslefree Bookkeeping
  • Cost Reduction
Get Started
Close nomi