HMRC offers second chance to settle tax bill

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Taxpayers who have failed to submit tax returns are being offered the chance to come forward and pay up under a new HM Revenue & Customs (HMRC) campaign.

This article first appeared on Your Money. The campaign is aimed at people who have received a Self-Assessment tax return or notice to complete a tax return for any year up to 2011-12 but have not taken action. As part of the campaign, HMRC will be writing directly to several thousand people it has identified using intelligence-gathering software, and will follow up with calls to many of them. Marian Wilson, HMRC's head of campaigns, said: "This is definitely the best time to catch up, on the best possible terms. While some penalties will apply, it is likely to cost people more if ...

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