Does anyone know if the Revenue are accepting Returns which are in their letterbox first thing Monday morning as received by the 30th September deadline? I can't see anything on the HMCE website.
Tammy Webb
Replies (6)
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Self assessment tax returns
Tammy
If you are referring to self assessment income tax returns for the year ended 5 April 2005 there is no statutory 30 September deadline.
HMRC merely indicate that they cannot promise to process returns received after 30 September in good time to advise taxpayers of the amount due for payment on 31 January 2006.
In practice they will actually advise almost all taxpayers who submit returns in October of the amount payable on 31 January well before the payment is due.
The fixed penalty of £100 only applies where a return is received after 1 February (whether or not the return includes a calculation of tax assessed).
Relax!
David
Wading in after a week or so's absence...
Loth as I am to contradict David Winch, I must point out that strictly there is a statutory 30 September deadline.
TMA 1970 s.9(2) exempts the taxpayer from the requirement to include a self-assessment "if he makes and delivers his return for a year of assessment (a) on or before the 30 September next following the year..."
If the 30/9 deadline is passed, HMRC has the right to reject as incomplete any return which does not include a self-assessment. In practice they hardly ever do, and their normal policy, as David states, is to compute the tax themselves.