HMRC issues 550,000 fewer tax return penalties

Letters containing the £100 late-filing penalties are being sent to people who failed to send their 2010/11 Self Assessment returns to HMRC on time. Anyone who still hasn't sent their return to HMRC should do so now or risk further penalties. For example, anyone whose return is more than three months late will be charged an additional £10 penalty for each day it remains outstanding, up to a maximum of 90 days. Although the deadline for receiving online returns was 31 January, this year HMRC is not issuing penalties to people who sent their 2010/11 return online on 1 or 2 February, ...