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Write off unaffordable debt

Speak To A Debt Specialist Today

0800 040 7064

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    The deadline for filing self-assessment tax returns online is 31st January (extended until midnight on 2nd February this year due to strike action by the public sector union PCS).

    If you have any self-employed income, or you have a high income from savings, and you didn’t submit your tax return for the financial year ending in April 2011 in time, you will be fined £100 by HMRC unless you have a reasonable excuse such as bereavement or theft of documents.

    Figures show that 1.1 million taxpayers are facing the £100 penalty for missing the deadline. If they don’t pay after 3 months, the fine will increase by £10 a day up to a maximum of £1,600.

    This is actually the lowest number of late tax returns since online filing was introduced introduced (last year it was 1.4 million, and the year before it was 1.6 million).

    A record 9.45 million forms were submitted on time. Roughly 1.8 million were filed by post by 31st October, and another 7.65 million were filed online before the deadline.

    Do you need to write off debt? Get in touch today to discuss your options.

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    We are fully authorised and regulated by the Financial Conduct Authority. Speak to one of our fully trained, financial solutions specialists.

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