If you have been sent a tax return for any tax year up to 5 April 2012, and it has not been submitted, you may want to consider taking part in this campaign.
In a nut-shell HMRC are offering to look kindly on any penalties chargeable, as a result of late filing or late payment of any taxes due, as long as you submit all outstanding returns and pay any taxes shown to be payable.
To take part in this offer is fairly straight forward:
- Firstly, you need to advise HMRC that you want to take part in the campaign – we can do this for you.
- Secondly, you will need to complete and submit all the outstanding returns – again we can help.
- And last, but not least, you will need to pay any taxes due.
There is a deadline you need to consider; you must complete all of the three stages set out above by 15 October 2013.
HMRC have offered to consider extended payment plans if your individual circumstances warrant this requirement.
Of course it may be that you are due tax refunds for certain years, and this will be determined when your returns are completed, in which case HMRC will make appropriate refunds to you. However, any refunds of tax for 2008-09 and earlier are time barred and cannot be repaid unless you have received an estimated determination of taxes due within the last twelve months, and this is greater than the tax found to be due.