If a 2012/13 tax return is amended before 31 jan 2015 in respect of an election that now wants to be made, will 10% late payment penalties be levied (if all additional tax paid before the end of the month?
It seems very unfair if this is the case especially as the deadline for making the election is two year after the end of the tax year in question.
25th Jan 2015
3
5% penalty on late payment
5% penalty on late payment