Not done your Tax Return for 2010/11?

Bevan & Buckland logoNot done your Tax Return for 2010/11? 

Want to save on penalties & fines?  Then read this to save money!

On 3rd July 2012 HM Revenue & Customs (HMRC) began its “Tax Return Incentive”, writes Bevan & Buckland’s Tax Manager, Lee Bradley.

This incentive applies to any taxpayers who have not completed their Self-Assessment forms for the Tax Year 2009/10 or earlier.  HMRC are writing to anyone who falls within the 40% or 50% tax bands,  and who have failed to comply with a request to fill in a Self-Assessment Tax Return. 

Anyone voluntarily coming forward will receive reduced penalties of £200, plus a fine equivalent to 10% of unpaid tax. “Compared to the standard rates of a £1,000 penalty plus fines of 100% of any unpaid tax, these reductions must be worth considering” writes Lee.   He also points out, however, that “the deadline to declare any untaxed income is the 2nd October 2012, so don’t delay”.

This incentive from HMRC is certainly worth getting your tax affairs up to date before the deadline, as you could save thousands of pounds in penalties and fines. 

If this applies to you please contact Bevan & Buckland, or Lee directly using the details below, as soon as possible.

Lee Bradley
Tax Manager
01792 410100

email: lee@bevanbuckland.co.uk

It might be easier for you to contact one of our other offices? If so please contact either Alun Evans in our Haverfordwest Office or Caroline Wheeler in our Pembroke Office.

Bevan & Buckland Accountants Swansea Tel: 01792 410100

Bevan & Buckland Accountants Haverfordwest Tel: 01437 760666

Bevan & Buckland Accountants Pembroke Tel: 01646 682383

Bevan & Buckland Accountants Carmarthen Tel: 01267 233115

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