HM Revenue & Customs (HMRC) is offering you a quick and straight forward way to bring your tax affairs up to date. As part of the “My Tax Return Catch Up” campaign, all taxpayers who’ve failed to complete their tax returns under the Self Assessment requirements for the 2011/12 tax year have a limited window to file outstanding tax returns and pay tax on any under declared income or gains.
HMRC will be writing directly to the several thousand people it has identified using Connect, the organisation’s intelligence-gathering software, and will follow up with calls to many of them.
How does this benefit you?
By taking part in this campaign you can:
- take advantage of this quick and straightforward way of bringing your tax affairs up to date
- make use of the dedicated helpline
- increase your chances of saving a higher penalty based on behaviour
- avoid receiving an estimate of the tax you owe and action to collect this including telephone calls, visits and the courts
If you have not submitted your returns and paid the tax due by 15 October, then you could end up paying penalties of 100% of the tax owed or even face criminal charges.
To take part in My Tax Return Catch Up there are three easy steps:
- first, tell HMRC that you want to join the campaign
- next, complete and submit all your outstanding returns
- and finally, pay what you owe or claim a repayment that might be due
