Act now to avoid ‘heaviest’ fines from the tax man

Jacquie Shaw of the NMRN

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THE deadline to file paper tax returns is approaching, and small businesses are being warned not to risk getting the heftiest fines yet imposed by HM Revenue and Customs.

James Self, who runs TaxAssist in North End, said: ‘Even if you post your paper return just prior to the deadline date, you might still face the £100 fine, as the documents could arrive late at HMRC.’

After three months, the fine rises to £10 a day. However, those who think they will be late can register for online filing, which has a deadline of January 31.