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Missing a tax deadline in the UK can sometimes lead to penalties that could easily have been avoided.
HMRC now uses a penalty points system for late submissions. When deadlines are missed, charges can apply and interest may also build up on any tax that remains unpaid.
Quite often, the issue isn’t complicated tax rules. It usually comes down to returns being filed late or records not being kept properly during the year.
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At MHC & Co Chartered Accountants, we work with a wide range of clients across the UK, including small businesses, landlords and self-employed individuals who want to keep their tax affairs in order.
When you are dealing with the deadline which is soon coming and you are not fully sure what to do next then it may be reasonable to consult an accountant and check the position and provide nothing before that.
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📧 infoMHC And CO.co.uk
🌐 www.mhcandco.co.uk
📍 54 Gloucester Road North, Bristol BS7 0SJ, United Kingdom
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