Tax Return Filing

Tax Return Filing

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I have just completed my third "new style" tax return of the year and I will not be able to file it electronically because my client made a loss on an overseas property rental. Just one of a long list of HMRC "exceptions" apparently. So how will this affect clients who we don't prepare until after 31/10/08?

I know we can get around the penalty by making sure the tax is all paid by 31 January, but if this is progress I would rather go backwards.

It's going to be a great summer!
EL

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Rebecca Benneyworth profile image
By Rebecca Benneyworth
07th May 2008 13:32

Look here
http://www.hmrc.gov.uk/ebu/exc-indi.pdf

This is the list of excluded cases. These can be filed on paper right up to 31 January, but the revised version implies that they will be penalised and then you can appeal and have the penalty cancelled.
Probably easier to file before 31 October if you can.

Note these exclusions apply whether you are using HMRC software or third party software as the issue is with HMRC's end receipt not the actual submission of the data.

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By User deleted
07th May 2008 13:10

and wasting time.....
I had a similar situation a year or two ago when HMRC's software could not deal with trust income.....

...... but you don't find that out until you get to that point by which time you may have wasted a couple of hours or so...

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