New penalties for late filing of a tax return and late payment of tax apply for tax years 2010/11 onwards. This applies to personal, trust and partnership tax returns.

Please see our previous article on New penalties for self assessment from 6 April 2011 for more information.

Penalties will apply for late filing of returns even if the tax has been paid. The deadline for completing a 2011 paper return is midnight on 31 October 2011 and to file an online return is midnight on 31 January 2012. However, if you owe tax of less than £2,000, have income taxed under PAYE and file your online return by 30 December 2011, you can ask for the tax to be collected through PAYE in 2012/13.

The HMRC website has information on whether you need to complete a return.

Please contact us if you would like us to help you complete your return.