HMRC is still required to obtain certain returns from you even if there is no income or tax to declare. Failure to submit will likely trigger late filing penalties and unfortunately, pleading ignorance of your obligations to file “nil” returns is not a reasonable excuse. Which begs the question, what is a reasonable excuse? HMRC […]
tax payment
Following on from the previous article, we thought readers might be interested in the consequences if they fail to pay their Self Assessment tax on time. If you are facing cash-flow issues, and cannot see how you can afford to settle part, or all of your tax payment due 31 July 2017, what is the […]