Self-assessment deadline opportunity for IFAs

The organisation says more than 874,000 self-assessment forms were received late by the Inland Revenue at the same time last year, with most subject to at least £100 in fines. This year late payers face an additional penalty of up to £60 per day. Returns that do not make the next deadline of July will also be subject to additional penalties. Although accountants have their place in helping customers get their forms in on time and properly dealt with, IFAs are in an even better position to ensure that all tax advantages are taken care of, IFA Promotion adds. IFAonline