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.
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. |
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.
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