Late Payment for Self Assessment

powertothepeople

I recently sent off my self assessment form to the IRS before the deadline of Jan 31 but have since been informed they apparently never received it until 5 Feb? They sent a letter informing me of this and the late penalty charge of £100, dated feb 19, although I didn't receive it until 1 March! I am appealing, but when I rang their gen' enquiries helpline was told to pay the charge now otherwise incur interest as well, backdated from 1 Feb! I still havent received a reply to my appeal and feel that just like bank charges, this £100 penalty is disproportionate to the 'crime', which I still contest.

Pennywise

As long as you paid your tax before 31.1.08, the penalty will be reduced to nil - it cannot exceed the amount of taxed owed.

powertothepeople

Sent in an appeal, although tax owed was not so much and the penalty is either waivered or minimal. Of course next time I will sort my tax in may and not leave it until the very end!

taxdoctor

Always a good idea to get your tax sorted as soon as you can, saves running round near the deadline.