HMRC have launched a campaign “My Tax Return Catch Up” for individual taxpayers to settle any outstanding tax bills if they failed to complete their tax returns under the Self Assessment requirements for 2011/12 report Harris & Co chartered accountants Northampton who offer accountancy services to local businesses.
From 9 July, recalcitrant tax payers who failed to complete a Self Assessment tax return for any year up to 2011-12 have a window of opportunity to tidy up their tax affairs.
As part of the campaign, HMRC will be writing directly to several thousand people it has identified using Connect, the agency’s intelligence-gathering software, and will follow up with calls to many of them. Taxpayers can also tell HMRC that they want to join the campaign by completing an electronic notification form available on the HMRC website, completing and posting a notification form also available on the HMRC website, or calling the My Tax Return Catch Up Helpline.
Once participants have told HMRC that they want to take part in the campaign, they have until 15 October 2013 to complete and submit a tax return, and pay the tax and National Insurance Contributions (NICs) that they owe. After 15 October, if they have not submitted their returns and paid the tax due, penalties of up to 100% of the tax, or even criminal investigation, could follow.