Accountants and Tax Advisors
Accountants and Tax Advisors

We keep you updated

We provide our clients with regular updates on changes in taxation regulation, news from the world of accounting and, of course, information about the latest developments at MK Tax & Accounting Ltd.

Penalties for Late Personal Tax Return

 
   

1 day late

A penalty of £100. This applies even if you have no tax to pay or have paid the tax you owe.

 

3 months late

 

£10 for each following day - up to a 90 day maximum of £900. This is as well as the fixed penalty above.

 

6 months late

 

£300 or 5% of the tax due, whichever is the higher. This is as well as the penalties above.

12 months late

 

£300 or 5% of the tax due, whichever is the higher.
In serious cases you may be asked to pay up to 100% of the tax due instead.
These are as well as the penalties above.



Updates

Please contact us if you would like to discuss the above update or any other recent changes in accountancy and tax further with us.

Office hours

 

Monday to Friday:

9 am to 6.00 pm

Saturdays: With Prior appoinment

Address

MK Tax & Accounting
Technology House

151 Silbury Boulevard

Milton Keynes

MK9 1LH

 

Tel: 01908 424 335

 

Making an appointment

Call us today for your free initial consultation

 

Tel: 01908 424 335

Email info@mktax.co.uk

 

Alternatively, please use our contact form.

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